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 ensure it complied with sanctions restrictions.
Mr. Abramovich has previously said he won’t receive any proceeds from the team sale, which are earmarked for charity. Funds of the deal are expected to go into an account controlled by the U.K. government.
A more complicated issue has been that Mr….
