Report: Premier League ‘advanced’ in owners and directors test for Todd Boehly consortium ahead of Chelsea takeover

The Premier League are said to be ‘advanced’ in their scrutiny of the Todd Boehly consortium, who have been named Chelsea’s next favorite owners.

The consortium, which involves Clearlake Capital, beat competition from Sir Martin Broughton’s group and Stephen Pagliuca’s party to be named the preferred bidder and given the chance to enter into exclusive talks before taking over at Chelsea.

According to Sky News, the Premier League is “advanced” in its scrutiny of the consortium as part of its test of owners and directors.

The report says questions are now before the group regarding the final financial structure of the takeover and the precise stakes that would be held by each of the investors.

Clearlake Capital has also informed the Premier League and Raine Group that it has no Russian sponsors – a technical name for investors in one of its funds.

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Although the review is not yet complete, the Premier League is highly unlikely to oppose the Boehly-led group as they appear extremely likely to become Chelsea’s new owners, replacing Roman Abramovich.

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In addition, sources close to the consortium said it had offered a total price slightly above the £4.25billion publicly promised by Sir Jim Ratcliffe.

Clearlake will own the majority of shares in Chelsea, with Hansjorg Wyss, Mark Walter and Boehly making up the consortium.

They have until the end of this week to finalize the terms of a takeover, as other shortlisted consortia have been told to “stand by” if Boehly’s bid fails at the final hurdle.

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