As Chelsea looks to replace Roman Abramovich as their owner, Todd Boehly’s federation has been picked as the potential buyer.
Todd Boehly, an American billionaire, hopes to sign the first official contract of his takeover of Chelsea on Friday.
The Blues and Raine have chosen his consortium bid as the preferable choice, and Roman Abramovich is now seeking government clearance for the takeover.
The search for the Russian’s successor has become far more complicated and time-consuming than many expected.
The introduction of Sir Jim Ratcliffe to the campaign, offering a £4bn investment, threw the prior weeks of effort by the other three competitors into doubt.
Some big business tycoons like Steve Pagliuca and Sir martin have also put a huge price on the table to buy out Chelsea, however, Boehly’s status of preferred bidders appears to have stayed unchanged.
The minority owner of the Los Angeles Dodgers is now trying to sign his first contract to make the deal legal, as written in The Telegraph.
Boehly and his co-investors, Clearlake Capital, Swiss billionaire Hansjorg Wyss, and Jonathan Goldstein, have already completed the requisite background checks for the Premier League.
The process apparently encountered a halt earlier this month when Abramovich reportedly objected to the freezing of a £1.6 billion loan he made to the team.
He has since issued a statement denying this, and a formal purchase agreement will be sent to Boehly on Friday.
The government imposed sanctions on the oligarch in early March after he was found to have maintained close contact with Russian President Vladimir Putin for decades, which Abramovich has consistently denied.
