The Premier League and the government are about to approve Todd Boehly’s bid: Clearlake-Boehly consortium (Clearlake-Boehly? ClearBoehlyLake? LakeBoehlyClear? The Todd, Finance Bros, and Angry Swiss Grandpa? Please help us come up with a correct name and acronym for this ownership group.)
According to the latest missives from the UK media, who are now in a state of existential turmoil and wound-licking following their bogus overdramatic reporting over Chelsea’s £1.5 billion debt question, are poised to sign “the first contract” in their purchase of Chelsea tomorrow (Friday).
The precise nature of how to manage all of these frozen assets and debts is not of main or urgent (or, frankly, our) concern, with Roman Abramovich once again reaffirming that his plans regarding the debt or the net revenues from the club’s sale have not altered.
Chelsea are preparing to apply to the UK Government for an amended license that would allow the transaction to proceed, according to the Telegraph, with Boehly & Co “primed to put pen to paper on initial sale terms.”
Soon after, we expect to receive a new license to expand our operational capacity, as well as the formal permission of the Premier League — all well ahead of the May 31 (current license) or June 8 (Premier League license) requirements.
It’s basically happening!