The UK Government has announced it has agreed to issue a licence that permits the sale of Chelsea Football Club.

Todd Boehly’s £4.25billion takeover of the Stamford Bridge club was approved by the Premier League on Tuesday evening.

The government were satisfied to issue a new sale licence which should ensure the club can meet all deadlines for registration for next season’s competitions.

“Late last night the UK Government reached a position where we could issue a licence that permits the sale of Chelsea Football Club,” read a Government statement.

“Following the sanctioning of Roman Abramovich, the Government has worked hard to ensure Chelsea Football Club has been able to continue to play football. But we have always been clear that the long-term future of the club could only be secured under a new owner.”