The Premier League gave its seal of approval Tuesday to the consortium that agreed to pay 4.25 billion pounds ($5.33 billion) for Chelsea Football Club.

The bid from a group led by Los Angeles Dodgers part-owner Todd Boehly was accepted earlier this month by the Chelsea Supporters' Trust, which has been running the club for the last three months.

Boehly and his associates - Clearlake Capital Group, L.P., Hansjorg Wyss, and Mark Walter - satisfied the requirements of the Premier League's Owners' and Directors' Test, the league said in a statement.