LONDON, (Reuters) – The British government issued a license that allows the sale of Chelsea. It was backed by Clearlake Capital and Todd Boehly as part-owners.

British sanctions have been placed on Roman Abramovich, the current owner. In March after Russia invaded Ukraine, he listed the London club on sale. Moscow refers to it as a “specially military operation”.

Dorries tweeted that she was satisfied with the outcome of the sale, “We are satisfied Roman Abramovich nor other sanctioned people will not benefit from it.” (NYSE:).

The club’s long-term survival cannot be assured under the current owner, given the harsh sanctions that we placed upon those who were linked to Putin or the invasion of Ukraine.

Tuesday saw the completion of the Premier League Directors’ and Owners’ Tests.

Chelsea operated under a government license ever since Abramovich’s assets were frozen back in March. It was scheduled to expire on May 31.

Abramovich earlier stated that the proceeds will go to charities.

A government spokesperson stated, “We now believe that Roman Abramovich nor any other sanctioned individuals will not receive the entire proceeds from this sale.”

We will begin to ensure that the profits of this sale go towards humanitarian projects in Ukraine and support victims of war.

Chelsea will be able to renew its transfer activities and allow players to sign new contracts upon completion. This was not possible due to the Sanctions.

Only season ticket holders had the right to earlier go to home matches. The government announced that it would also ban merchandise sales.

The bidding process was halted by groups led by Stephen Pagliuca, co-owner of Boston Celtics and Martin Broughton, former chairman of British Airways. A consortium headed by the Ricketts family, Chicago Cubs owners pulled out.