With a May 31 deadline now just a week away, everyone involved in the deal are under pressure to make a takeover official, aware that Chelsea risk entering administration or failing to secure a Premier League licence if the necessary progress is not made.
On Monday, a report suggested that 'a number of hurdles' must still be overcome to complete a deal, but one of those potential obstacles disappeared on Tuesday.
The Premier League says that a consortium headed by American Boehly has passed their Owners' and Directors' Test, a development which will only increase the optimism around the deal.
A statement read: "The Premier League Board has today approved the proposed takeover of Chelsea Football Club by the Todd Boehly/Clearlake Consortium.
"The purchase remains subject to the Government issuing the required sale licence and the satisfactory completion of the final stages of the transaction."