The UK government has finally approved the sale of Chelsea football club after 12 weeks of waiting and negotiations with the potential bidders.
Chelsea was put under a strict government operating licence, with all of Abramovich’s other UK assets frozen.
The licence for the Stamford bride team was given to the investor group Clearlake Capital led by LA Dodgers co-owner Todd Boehly.
“Following the sanctioning of Roman Abramovich, the government has worked hard to ensure Chelsea Football Club has been able to continue to play football. But we have always been clear that the long-term future of the club could only be secured under a new owner,” reads a UK government statement.
“Following extensive work, we are now satisfied that the full proceeds of the sale will not benefit Roman Abramovich or any other sanctioned individual,” the statement continued.
“We will now begin the process of ensuring the proceeds of the sale are used for humanitarian causes in Ukraine, supporting victims of the war.”
Abramovich was then sanctioned by the UK government on 10th March, with Downing Street claiming to have proven his links to President Putin.