Todd Boehly consortium to be named preferred bidder to buy Chelsea

Todd Boehly’s consortium is expected to be named as the preferred bidder to buy Chelsea, according to Sky Sports.

On Friday, Britain’s richest man, Sir Jim Ratcliffe, submitted a last-minute £4.25billion bid to buy the west London club.

But it seems the group headed by LA Dodgers part-owner Boehly is already primed as favourites to take over the Premier League outfit.

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.