Chelsea FC

The U.K. government signed off on a deal to sell soccer club Chelsea FC for £4.25 billion, equivalent to around $5.3 billion, to a group led by Los Angeles Dodgers part-owner Todd Boehly. The U.K. Premier League team previously belonged to Roman Abramovich, a Russian oligarch who was sanctioned in the wake of the invasion of Ukraine. After Mr. Boehly’s consortium struck a deal with Mr. Abramovich, the U.K. government had to sign off on the transaction to…

Todd Boehly pictured after the Premier League match between Chelsea and Watford at Stamford Bridge, London on Sunday 22nd May 2022. The U.K. government has now approved the £4.25bn Boehly-led consortium's takeover of Chelsea.Ivan Yordanov/MI News | Nurphoto | Getty ImagesThe government has approved the £4.25bn Todd Boehly-led consortium takeover of Chelsea.After months of negotiations, the deal has finally been approved after the government received legal guarantees that Roman Abramovich — who has had his UK assets frozen…