Dodgers co-owner’s consortium wins bid for Chelsea: Telegraph

A consortium led by the co-owner of the Dodgers of Los Angeles, Todd Boehly, won the bid to acquire the Chelseaone of the most important clubs in the premier league of England, in an operation for up to 4,000 million pounds, the British newspaper reported on Friday Telegraph.

The proposal was sent to the government and the Premier League for approval.

With just over three weeks to go until the club’s operating license expires on May 31, Boehly is set to complete its takeover by the end of this month, according to the Telegraph.

Russian owner Roman Abramovich, now under sanctions by the British government, put the London club up for sale in early March after Moscow invaded Ukraine.

Abramovich cleared the way for the acquisition on Thursday after he dismissed reports that he wanted a loan to the club reportedly worth 1.5 billion pounds ($1.85 billion) repaid.

The Boehly group, which also includes Clearlake Capital, Swiss billionaire Hansjorg Wyss and British real estate investor Jonathan Goldstein, was in exclusive negotiations to buy the club after a belated offer from British billionaire Jim Ratcliffe was rejected.

Groups led by Stephen Pagliuca, one of the owners of the Boston Celtics, and former British Airways chairman Martin Broughton were eliminated earlier in the bidding process, while a consortium led by the Ricketts family, which owns the Chicago Cubs , withdrew from the race.

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