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  • Government satisfied no proceeds will go to Abramovich
  • Consortium led by Todd Boehly seals £4.25m takeover

The £4.25bn takeover of Chelsea football club has been completed after Roman Abramovich agreed to the UK government’s terms for the sale, ending a tumultuous period that raised fears over the club’s existence.

Nadine Dorrie, the sports and culture minister, said the UK government issued a licence on Tuesday night that permits the sale of Chelsea.

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