A consortium led by Los Angeles Dodgers part-owner Todd Boehly and backed by Clearlake Capital has won the bid to acquire Premier League club Chelsea in a deal worth up to 4 billion pounds ($4.94bn), according to multiple reports.
The proposal has now been sent to the government and Premier League for approval.
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With just over three weeks remaining on the club's current operating licence, which expires on May 31, Boehly is on course to complete his takeover by the end of this month, The Telegraph said.