Soccer-Premier League approves proposed takeover of Chelsea by Boehly-led consortium

FILE PHOTO: Soccer Football - Premier League - Chelsea v Watford - Stamford Bridge, London, Britain - May 22, 2022 General view inside the stadium before the match Action Images via Reuters/Tony Obrien

(Reuters) -The Boehly-Clearlake consortium, which agreed terms to acquire Chelsea for 4.25 billion pounds ($5.33 billion) earlier this month, passed the Premier League Owners' and Directors' Test, the league said on Tuesday, paving the way for the club's takeover.

The proposal also needs approval from the British government before the consortium can complete the acquisition, with a week remaining before the club's current operating licence expires on May 31.