In the ongoing bid to take over Chelsea FC from Roman Abramovich, Todd Boehly, a Los Angeles Sparks co-owner, steps into negotiations

Spread the love

Todd Boehly’s syndicate has grown increasingly confident in their ability to purchase Chelsea. The Swiss-American takeover of Chelsea appears to be on the cards as the transaction nears completion. Hansjorg Wyss and Boehly are growing more optimistic in their effort to purchase the defending Champions League champions.

After owner Roman Abramovich put Chelsea up for sale on March 2, the group announced their intention to buy the club more than a month ago. Former Chancellor of the Exchequer George Osborne is alleged to be assisting the Boehly-led consortium.

Boehly, an American billionaire, is widely seen as a leading contender to take over at Chelsea. He is the owner of Eldridge, an investment firm, as well as a co-owner of the Los Angeles Dodgers, so his sporting history may come in handy.

Boehly owns a stake in the Los Angeles Sparks, a WNBA team, and had a £2.2 billion bid for Chelsea rejected by Abramovich in 2019. He recently backed out of talks to buy the Washington Spirit football team because he wants to expand his sports business.

He’s also backed by a lot of money. Clearlake Capital, which has £45 billion in assets, is interested in the proposal. Wyss, a £3.9 billion Swiss billionaire, has also been mentioned. Jonathan Goldstein, on the other hand, has £7.7 billion in assets.

In addition to the aforementioned individuals, Boehly has benefited from the knowledge of public relations executive Barbara Charone and Daniel Finkelstein, a writer, and Conservative peer in the United Kingdom. Both significant personalities profess to be Chelsea supporters.

According to reports, the potential new owner has promised supporters a “golden share,” implying that no significant club decisions would be made without their input, including the future of Stamford Bridge, which may be upgraded.

Boehly has previously shown an interest in owning a top-flight club. He stated, “The chance we had with the Dodgers was truly about part-ownership with Los Angeles, and how we were going to win, drive championships, and generate passion.”

When you look at what the Premier League has to offer, you’ll see all of those things. The price is the billion-pound question. It’s difficult to purchase high-quality items without having to pay a premium. Then there’s the matter of whether you can build on what you’ve already had for that price. That is the query.

” I continue to feel that the top clubs have a global opportunity. At the end of the day, it’s a question of whether anything can be done that both parties agree is reasonable. Following the decision by the consortium led by the Ricketts family to withdraw their offer last week, Boehly’s consortium is one of three bidders remaining in the running to succeed Abramovich.

Chelsea fans reacted negatively towards the Ricketts family after emails from Joe Ricketts from 2012 surfaced, in which he claimed, “Muslims are my enemy.” However, Boehly and company are still up against two rival offers in their battle to take over Stamford Bridge.

One is led by former Liverpool chairman Sir Martin Broughton and includes Lewis Hamilton and Serena Williams, who have each pledged £10 million to the campaign. Seb Coe, the president of World Athletics, is also a member of the consortium.

Add your comment

Your email address will not be published.