Chelsea takeover: Todd Boehly consortium to be named preferred bidder to buy Premier League club | Soccer News

Todd Boehly’s consortium is to be named as preferred bidder to buy Chelsea.

He appeared on Friday Sir Jim RatcliffeBritain’s richest man had tabled a last-minute £4.25billion bid to buy the west London club.

But it looks like the group led by LA Dodgers co-owner Boehly – which includes backing from Clearlake Capital, an American investment firm – is on the rise when it comes to the takeover.

Chelsea told the consortium led by Stephen Pagliucaco-owner of the NBA’s Boston Celtics and Serie A’s Atalanta, he’s not the preferred bidder.

This latest development is a blow to the other group remaining in the tender, led by Sir Martin Broughtonthe former chairman of Liverpool and British Airways, which includes billionaire Crystal Palace shareholders Dave Blitzer and Josh Harris.

Chelsea hope to have a new owner in place by the end of May.

Once the Raine Group has selected a preferred bidder, the government must then grant a new license to allow the sale to proceed.

Abramovich put Chelsea up for sale on March 2, amid Russia’s continued invasion of Ukraine.

The 55-year-old was then sanctioned by the British government on March 10, with Downing Street claiming to have proven links between the Russian-Israeli billionaire and Vladimir Putin.

Abramovich has owned Chelsea for 19 years, leading the club to 21 trophies during a glittering tenure.

Who were the bidders for Chelsea?

As the Boehly consortium progresses in its acquisition of Chelsea, sky sports look who else tried to buy Chelsea…

Sir Martin Broughtonthe former chairman of British Airways and Liverpool FC, and Lord Coe, the former British Olympian turned sports administrator and businessman, were leading a bid that had the financial firepower of wealthy financiers Josh Harris and Dave Blitzer Americans, behind her.

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Martin Broughton was previously chairman of Liverpool

Lewis Hamilton was one of the investors backing Broughton’s bid to acquire the west London club and is said to have pledged £10million in the bid.

Tennis legend Serena Williams is also among the backers of the Broughton Consortium, led by the former Liverpool chairman.

A group led by Ricketts Familywhich owns the Chicago Cubs, and Citadel hedge fund billionaire Ken Griffin, with US investment bank Lazard was in the final four but withdrew its bid last month.

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The Ricketts family-led consortium withdrew its offer due to the group’s inability to agree on the composition of the deal

Plans fell apart as consortium members could not agree on the final composition of the deal.

Ricketts’ candidacy was unpopular among many Chelsea fans due to discriminatory emails sent by family patriarch Joe Ricketts in 2009, and some staged a protest at Stamford Bridge ahead of the loss to Brentford earlier this month -this. The Ricketts family said they “reject all forms of hate in the strongest terms possible”.

Sky Sports News understands that the withdrawal of the Ricketts consortium was not due to the protests but rather to the structure of the agreement.

The final consortium was led by Steve Pagliucaco-owner of the NBA’s Boston Celtics and Serie A’s Atalanta, which includes backing Larry Tanenbaum.

Pagluica is a private equity billionaire who made his fortune through his career at Bain Capital.

Other co-investors in the group include John Burbank, founder of San Francisco hedge fund Passport Capital, and Eduardo Saverin, the Facebook co-founder who was the first investor in the tech giant.

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