American billionaire Todd Boehly put together a consortium to buy Chelsea

Todd Boehly had previously registered an interest in buying the club back in 2019.

American billionaire Todd Boehly has put together a consortium that is leading the race to buy Chelsea from owner Roman Abramovich. Amid the Ukraine-Russia war, Roman Abramovich decided to sell Chelsea FC.

The club was officially put up for sale by the Russian owner on Tuesday, with the billionaire potentially set to face sanctions from the UK Government following Russia’s invasion of Ukraine.

Abramovich is valuing the club at around £3bn. Some big potential bidders have been linked with a takeover of the Premier League giants.

According to ESPN, Boehly and his consortium are the latest to register a bid. The current Los Angeles Lakers and Los Angeles Dodgers part-owner is said to be leading the race.

The American had previously registered an interest in buying the club back in 2019 for around £2.2bn. Boehly’s net worth is reportedly around £4.7bn. He is looking at the possibility of returning with a similar offer.

Current Chelsea owner Abramovich has owned the club since 2003. The deadline for the final bid is March 15.

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