Todd Boehly is expected to be the favored bidder for Chelsea, despite Sir Jim Ratcliffe’s late offer.

Todd Boehly owns a stake in three sports teams in Los Angeles

An association led by LA Dodgers owner Todd Boehly is expected to be designated the preferred bidder for Chelsea.

After the Ukrainian invasion, the club was placed up for sale before owner Roman Abramovich sanctioned supposed ties to Russian President Vladimir Putin.

Sir Jim Ratcliffe, a British tycoon, made a £4.25 billion offer earlier on Friday.

The late offers believe in having caused uncertainty among competing bidders.

Ratcliffe, who owns most chemical company Ineos. Offered to invest £1.75 billion in the club over ten years as part of his bid.

However, the offer receives on Friday morning. Also weeks after the scheduled bid deadline of 18 March.

Chelsea to Boehly has not made a formal statement regarding 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 reported net worth of $4.5 billion (£3.6 billion).

He is an opposition owner of the Los Angeles Dodgers, a US baseball organization. The Los Angeles Sparks, a US women’s basketball team. Also a minority owner of the legendary Los Angeles Lakers NBA franchise.

Hansjorg Wyss, a Swiss millionaire, American public relations specialist Barbara Charone, British businessman Jonathan Goldstein. British journalist Daniel Finkelstein is his consortium member. Read more.

Other consortiums in the race to acquire Chelsea included Sir Martin Broughton and Stephen Pagliuca, co-owner of the Boston Celtics – but both have informed me their bids were unsuccessful.

Chelsea control under a special government license that expires on 31 May. Still, Culture Secretary Nadine Dorries said on Thursday that the club runs on “borrowed time” to complete the sale.

Ratcliffe is the biggest shareholder in Ineos, which he co-founded in 1998.

In a May 2019 interview with BBC Sport, he defined himself as a ‘tortured Manchester United fan.’ When asked if he would consider purchasing Chelsea, he said, “never say no.”

Recently. The firm has acquired FC Lausanne in Switzerland and Nice in France’s Ligue 1.

In 2019, he also acquired the Team Sky cycling franchise but told BBC Sport in 2020 that he had no plans to enlarge the group’s athletic interests by investing in a Premier League club.

“This is a British proposal for a British club,” a statement from Ineos stated.

“We will invest in Stamford Bridge to transform it into a world-class stadium worthy of Chelsea FC. That will be organic and continue to ensure that we do not abandon Chelsea’s home and risk losing the support of devoted fans.

“We will resume investing in the team to guarantee we have the best players, coaches, also support personnel in the men’s and women’s games.

“And we hope to resume investing in the academy to offer promising youths the opportunity to develop into first-class players.” OKBET sportsbook offers many sports to wager on just check it out.

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