BREAKING NEWS: Todd Boehly's £4.25bn Chelsea takeover clears its FINAL hurdle as Portugal's government authorise the sale by Roman Abramovich, with a statement from the club now 'imminent' 

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BREAKING NEWS: Todd Boehly's £4.25bn Chelsea takeover clears its FINAL hurdle as Portugal's government authorise the sale by Roman Abramovich, with a statement from the club now 'imminent'

  • Portugal's government has approved Roman Abramovich's sale of Chelsea FC
  • A statement from the west London Premier League club is expected 'imminently'
  • American tycoon Todd Boehly is poised to take over as the Blues' new owner
  • The Russian oligarch is selling the club in the wake of financial sanctions on him
  • Sanctions hit after Russia's invasion of Ukraine by their president Vladimir Putin
  • The £4.25bn deal was given the green light by UK government on Wednesday

Chelsea are 'imminently' expected to make an announcement on their takeover after the final hurdle was cleared when the Portuguese government authorised Roman Abramovich's sale of the club. 

Portugal's Ministry of Foreign Affairs (MNE) announced on Thursday they have formally given the green light to Todd Boehly's takeover of the Blues.

An MNE statement said: 'The two Competent National Authorities – Ministry of Foreign Affairs and Ministry of Finance – gave the green light to the request received from Roman Abramovich for a humanitarian waiver, allowing the English club to be transacted.'

The decision 'follows the guarantee given by the British authorities that the proceeds from the sale will be used for humanitarian purposes, not directly or indirectly benefiting the owner of the club, which is on the European Union sanctions list'. 

They added that the European Commission have also approved the move. 

Russian oligarch Abramovich also has Portuguese citizenship, making their government's official approval a crucial and necessary hurdle to be cleared before the takeover can proceed.

Minister of Foreign Affairs João Gomes Cravinho added on Wednesday: 'In relation to Chelsea, of course, there is an absolutely fundamental point here.

'Portugal applies the sanctions that were decreed by the European Union. We do it rigorously, we do it without exception, and that is how we apply sanctions'.

The decision comes a day after the British government finally approved the takeover on Wednesday.

Abramovich is selling the club in the wake of strict financial sanctions on him from the UK government, following Russia's invasion of Ukraine.

The UK government stated the 55-year-old has ties to the country's president Vladimir Putin, and froze his assets, including Chelsea.

The sanctions state Abramovich cannot make any direct or indirect financial gain from the sale, hence the proceeds being used for 'humanitarian purposes'.

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