AP

Portugal approves sale of Chelsea by Abramovich

May 25, 2022, 4:03 PM | Updated: May 26, 2022, 6:09 am

FILE - Chelsea soccer club owner Roman Abramovich attends the UEFA Women's Champions League final s...

FILE - Chelsea soccer club owner Roman Abramovich attends the UEFA Women's Champions League final soccer match against FC Barcelona in Gothenburg, Sweden, May 16, 2021. The sanctions on Russian oligarchs with ties to President Vladimir Putin have shaken up the world of Jewish philanthropy. In March 2022, Yad Vashem said it was suspending a reported donation of tens of millions of dollars from Abramovich, owner of the Chelsea Football Club, citing “recent developments,” after he was sanctioned by the U.K. and European Union. (AP Photo/Martin Meissner, File)

(AP Photo/Martin Meissner, File)

LISBON, Portugal (AP) — The Portuguese government has given its authorization for the sale of Chelsea by Roman Abramovich, who needed approval because he is a Portuguese passport holder.

The decision by Portugal was announced Thursday, a day after the British government approved the sale of Chelsea by the sanctioned Russian oligarch to a consortium fronted by a part-owner of the Los Angeles Dodgers.

Portugal’s rubber stamp was also needed for the deal worth 2.5 billion pounds ($3.1 billion) — the highest price ever for a sports team — to go through.

“The two competent national authorities, the ministry of foreign affairs and the 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 Portuguese government said in a statement.

The government in Lisbon said its backing of the sale hinged on “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.”

It added that its position received the backing of the European Commission.

Abramovich gained Portuguese citizenship in 2021 thanks to a law that offered to naturalize the descendants of Sephardic Jews who were forced to leave the Iberian Peninsula centuries before.

Abramovich was sanctioned by British and European authorities because of his links to Russian President Vladimir Putin following the invasion of Ukraine. British and Portuguese authorities had to ensure the oligarch would not profit from the enforced sale of the club.

Abramovich’s assets were frozen in March and Chelsea has been operating under a British government license, which expires on Tuesday.

Abramovich has been without a British visa since 2018. Since then, he also gained citizenship in Israel.

The Premier League approved the sale of the 2021 European champions on Tuesday.

The buyers of the London-based club are led by Todd Boehly. Besides being part owner of the Dodgers, Boehly also has minority stakes in the Los Angeles Lakers and the WNBA’s Los Angeles Sparks.

___

More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Image: A cargo ship is stuck under the part of the structure of the Francis Scott Key Bridge after ...

Associated Press

Authorities identify 2 bodies recovered at site of Baltimore bridge collapse

A major bridge in Baltimore snapped and collapsed after a container ship rammed into it early Tuesday, and several vehicles fell into the river below.

1 day ago

Photo: Mountaineer Jim Whittaker has died at 95....

Gene Johnson, The Associated Press

Lou Whittaker, among the most famous American mountaineers, has died at age 95

Lou Whittaker, a legendary American mountaineer who helped lead ascents of Mount Everest, K2 and Denali, has died at age 95.

1 day ago

File photo: Former Sen. Joe Lieberman speaks in Washington on Jan. 18, 2024....

Associated Press

Former Sen. Joe Lieberman, Democrats’ VP pick in 2000, dead at 82

Former U.S. Sen. Joe Lieberman of Connecticut, who nearly won the vice presidency on the Democratic ticket with Al Gore in 2000, has died.

1 day ago

islamic state attack...

Vanessa Gera, The Associated Press

What we know after the Islamic State group claims responsibility for Moscow massacre

The Islamic State group has claimed responsibility for an attack on a suburban Moscow concert hall that killed at least 133 people.

5 days ago

Moscow shooting...

The Associated Press

Russia: 60 dead, 145 injured in concert hall raid; Islamic State group claims responsibility

Assailants burst into a concert hall in Moscow on Friday and sprayed the crowd with gunfire, killing over 60 people, injuring more than 100.

7 days ago

Photo: Britain's Kate, Duchess of Cambridge visits 282 (East Ham) Squadron, RAF Air Cadets, Cornwel...

Associated Press

Kate Middleton announces she has cancer, is undergoing chemotherapy

Kate Middleton, Princess of Wales, says she is undergoing chemotherapy to treat cancer. She has been out of view since Christmas.

7 days ago

Portugal approves sale of Chelsea by Abramovich