Todd Boehly group secures Chelsea deal

According to report reaching Newscollect247, Todd Boehly group has been decided as the preferred buyer for the Chelsea football club despite Jim Ratcliffe’s lucrative late bid. The American billionaire’s world-record deal measures up to £3.5billion, the proceeds of which are to go to people affected by the war on Ukraine.

After several sanctions from the UK government were imposed on Chelsea owner Roman Abramovich, he decided to put the club on sale at the start of March. Since then, many bidders have gone through a gruelling process overseen by the Raine firm.

It was believed that apart from the Todd Boehly group, the groups fronted by Stephen Pagliuca and Sir Martin Broughton were in the race until Friday. Britain’s richest man Sir Jim Ratcliffe made a late attempt to secure the deal by tabling an 11th-hour offer up to £4.25bn on Friday morning.