Chelsea Sale: According to reports, a consortium led by LA Dodgers owner Todd Boehly is expected to be designated the preferred bidder for The Blues.
Before owner Roman Abramovich was sanctioned for his alleged ties to Russian President Vladimir Putin following the invasion of Ukraine, the club was placed up for sale.
Sir Jim Ratcliffe, a British tycoon, made a £4.25 billion offer earlier on Friday.
Rival bidders are believed to have been confused by the late offer.
As part of his pitch, Ratcliffe, the majority stakeholder of chemical company Ineos, promised to invest £1.75 billion in the club over the next ten years.
However, the offer arrived on Friday morning, weeks after the scheduled bid deadline of March 18th.
Chelsea and Boehly haven’t said anything about his group’s preferred bidder status.
According to Forbes, the American investor and industrialist, who has offered roughly £2.5 billion for the club, has a net worth of $4.5 billion (£3.6 billion).
He is a part-owner of the Los Angeles Dodgers, a major league baseball team in the United States, as well as the Los Angeles Sparks, a professional women’s basketball team in the United States. He also holds an interest in the NBA’s Los Angeles Lakers.
Hansjorg Wyss, a Swiss millionaire, American public relations specialist Barbara Charone, British businessman Jonathan Goldstein, and British journalist Daniel Finkelstein are among the members of his consortium.
Sir Martin Broughton and Stephen Pagliuca, co-owner of the Boston Celtics, were among the other consortiums in the race to buy Chelsea, but both have now been notified their bids were failed.
Chelsea is operating under a special government license that expires on May 31, but Culture Secretary Nadine Dorries stated on Thursday that the club is on “borrowed time” to complete the sale.
‘A British offer for a British club,’ says the headline.
Ratcliffe, who formed Ineos in 1998, is the company’s largest stakeholder.
In a May 2019 interview with BBC Sport, he described himself as a “tortured Manchester United fan.” “Never say no,” he said when asked if he was interested in owning Chelsea.
In the recent past. FC Lausanne of Switzerland and Nice of France’s Ligue 1 have been purchased by the firm.
In 2019, he also bought the Team Sky cycling team but told BBC Sport in 2020 that he had no plans to expand the group’s athletic interests by investing in a Premier League club.
An Ineos statement stated, “This is a British bid, for a British club.”
“We will invest in Stamford Bridge in order to transform it into a world-class venue worthy of Chelsea FC. This will be organic and continuing in order to avoid moving away from Chelsea’s home turf and risk losing the support of devoted fans.
“In both the men’s and women’s sports, we will continue to invest in the team to guarantee that we have a first-class group of the world’s best players, coaches, and support personnel.
“We also intend to continue to invest in the academy in order to provide outstanding young players the chance to develop into first-class players.”