A consortium led by Los Angeles Dodgers co-owner Todd Boehle has been chosen as the preferred bidder for Premier League club Chelsea, despite a dramatic late bid from British billionaire Sir Jim Ratcliffe.
the athlete He understands that the Boehly Group, which includes fellow Dodgers co-owner Mark Walters and Swiss billionaire Hansjorg Wyss, has not yet entered into an exclusive agreement.
It is understood that the consortium’s total bid has exceeded £4 billion. That includes a pledge to spend £1.5 billion developing the club and Stamford Bridge, as well as meeting Rennes’ valuation of around £2.5 billion.
Ren, the US commercial bank that ran the sale of the club, and Boehly declined to comment when contacted the athlete.
Chelsea did not respond to a request for comment on the story.
The Boehly consortium was in competition with two other groups to buy Chelsea from Roman Abramovich.
Former Liverpool chief Sir Martin Bruton and co-owner of the Boston Celtics and Atalanta Stephen Pagliuca have also shortlisted their bids.
But, the athlete mentioned earlier on Friday That Pagliuca had been told his union would not be named as Chelsea’s preferred bidder.
Boehly also faced competition from Ratcliffe, Who made an extraordinary last-minute effort to buy Chelsea on Friday.
Ratcliffe, owner of petrochemical giant Ineos, held discussions with Chelsea chairman Bruce Buck on Thursday before making his bid.
We did a show on (Friday),” Ratcliffe told The Times.
We are the only British offer. Our motives are simply to try and set up a high-profile club in London. We are not motivated to profit because we make our money in other ways.”
Ineos added in a statement: “We believe that London should have a club that reflects the city’s standing. One that is held in the same vein as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club.”
“We are making this investment as fans of the beautiful game – not as a way to make a profit. We do it with our core business. The club is rooted in its community and its fans.”
If an agreement is not reached with Boehly, it is possible to invite the other selected consortium – in addition to Ratcliffe – to enter into talks to buy the club.
Chelsea owner Roman Abramovich put Chelsea up for sale shortly before Chelsea were penalized for his alleged links to Russian President Vladimir Putin in the wake of the invasion of Ukraine.
And on Thursday the athlete mentioned Abramovich has asked the three groups that have bid for the Premier League club to put an additional £500m into a foundation he wants to set up for the victims of the war in Ukraine.
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