Todd Boehly‘s consortium has been named as Chelsea‘s preferred bidder, as the complex situation surrounding the club’s ownership appears to be coming to an end.
Boehly, who partly owns MLB side the LA Dodgers and has shares in NBA franchise the LA Lakers, appears to have seen off his rivals’ bids, which included investment from Formula 1 driver Sir Lewis Hamilton and tennis player Serena Williams.
Should Boehly buy Chelsea, he will invest more than 3.35 billion pounds into the 2021 Champions League winner.
What about Jim Ratcliffe?
On Friday, it emerged Britain’s richest man, Sir Jim Ratcliffe, made a bid worth 4.7 billion pounds, despite the deadline being more than two weeks ago.
Ratcliffe is the owner of chemical company Ineos, who are one of the biggest teams in professional cycling and have a stake in the Mercedes F1 team.
“We believe that London should have a club that reflects the stature of the city,” the statement from Ineos said.
“One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club.”
However, the Ratcliffe bid did not come to fruition and the Boehly consortium is the one that’s been selected.
Any deal must be approved by Downing Street, as the UK government have control of Chelsea‘s future due to sanctions imposed on Roman Abramovich.
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