Todd
Boehly's consortium is to be named as the preferred bidder to buy Chelsea.
It emerged on Friday Sir Jim Ratcliffe, Britain's richest man, had tabled a
last-minute £4.25billion bid to buy the west London club.
But it would appear the group headed by LA Dodgers part-owner Boehly - which
includes backing from Clearlake Capital, a US investment firm - is in the
ascendancy with regard to the takeover.
Chelsea have told the consortium led by Stephen Pagliuca, part-owner of the
NBA's Boston Celtics and Serie A's Atalanta, it is not the preferred bidder.
This latest development is a blow to the other remaining group left in the
bidding, led by Sir Martin Broughton, the former Liverpool and British
Airways chairman, which includes the 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 selects a preferred bidder, the government must then
grant a new licence to allow the sale to be completed.
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 UK 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
in a glittering tenure.
Who were the bidders for Chelsea?
As the Boehly consortium advances with its takeover of Chelsea, Sky Sports
takes a look at who else tried to buy Chelsea...
Sir Martin Broughton, the former British Airways and Liverpool FC chairman,
and Lord Coe, the former British Olympian turned sports administrator and
businessman, were fronting a bid that had the financial firepower of Josh
Harris and Dave Blitzer, two wealthy American financiers, behind it.
Lewis Hamilton was one of the investors backing Broughton's attempt to
acquire the west London club and is understood to have committed £10m to the
bid.
Tennis legend Serena Williams is also among the backers of the Broughton
consortium, spearheaded by the former Liverpool chairman.
A group led by the Ricketts family, which owns the Chicago Cubs, and the
Citadel hedge fund billionaire Ken Griffin, with the US investment bank
Lazard was in the final four but withdrew its offer last month.
The plans fell apart due to members of the consortium being unable to agree
on the final make up of the deal.
The Ricketts bid was unpopular among many Chelsea fans due to discriminatory
emails sent by Joe Ricketts, the family's patriarch, in 2009, and some had
staged a demonstration at Stamford Bridge before the defeat to Brentford
earlier this month. The Ricketts family has said it "rejects any form of
hate in the strongest possible terms".
Sky Sports News understands the Ricketts consortium's withdrawal was not
down to the protests but rather the structure of the deal.
The final consortium was fronted by Steve Pagliuca, part-owner of the NBA's
Boston Celtics and Serie A's Atalanta, which includes support from Larry
Tanenbaum.
Pagluica is a private equity billionaire who has made a fortune from his
career at Bain Capital.
Among the group's other co-investors are said to be John Burbank, founder of
the San Francisco hedge fund Passport Capital, and Eduardo Saverin, the
Facebook co-founder who was the first investor in the tech behemoth.
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