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The Boehly-Clearlake consortium, which agreed terms to acquire Chelsea for 4.25 billion pounds (US$5.33 billion) earlier this month, passed the Premier League Owners'and Directors' Test, the league said on Tuesday (May 24), paving the way for the club's takeover.
The proposal also needs approval from the British government before the consortium can complete the acquisition, with a week remaining before the club's current operating licence expires on May 31.
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