Reports in the British media on Friday suggested that A consortium led by Los Angeles Dodgers co-owner Todd Boehly has been selected as the preferred bidders to take over Chelsea.
New York bank the Raine Group which is handling the sales process is believed to have told the Todd Boehly-led consortium that they are the front runners to win the bid.
That means parties led by Boston Celtics co-owner Stephen Pagliuca and former Liverpool chairman Sir Martin Broughton, who are both as powerful, appear to have missed out.
The Todd Boehly-led consortium is believed to have made a bid of over £4 billion.
Boehly’s consortium includes fellow Dodgers co-owner Mark Walter, Swiss billionaire Hansjorg Wyss, and British property investor Jonathan Goldstein
The American Billionaire made a £2 billion offer to buy Chelsea in 2019 from Roman Abramovich but the Russian rejected the offer.
Who is Toddy Boehly?
Todd Boehly is an American businessman, investor, and philanthropist.
Boehly received his B.B.A.(Finance) from The College of William & Mary, where he later founded The Boehly Center for Excellence in Finance and studied at the London School of Economics. Mr. Boehly supports epilepsy research, Focused Ultrasound Foundation, Prostate Cancer Foundation, Brunswick School, and The College of William & Mary.
The 48 years old American is married to Katie Boehly, the couple has three sons; Nick, Zach, and Clay.
Todd Boehly is the Co-founder, Chairman, and Chief Executive Officer of Eldridge. Eldridge is a holding company with offices in New York, Boston, and London, and has a history of investment in industries including technology, media, real estate, and sport.
Mr. Boehly is an owner of the Los Angeles Dodgers, the Los Angeles Lakers, the Los Angeles Sparks, Cloud9, and DraftKings.
He is Chairman of Security Benefit, and MRC, which owns dick Clark productions, and has investments in A24, Fulwell 73, and Penske Media, which owns Billboard, Rolling Stone, Variety, and The Hollywood Reporter. Eldridge has made investments in over 70 operating businesses.
Mr. Boehly is also on the boards of the Los Angeles Lakers, Flexjet, PayActiv, CAIS, Cain International, Kennedy Wilson (NYSE: KW), Vivid Seats (NASDAQ: SEAT), and Horizon Acquisition Corporation II (NYSE: HZON). Mr. Boehly was formerly on the board of Truebill.
Before founding Eldridge, Mr. Boehly was President of Guggenheim Partners and founded the credit business at Guggenheim.
Boehly was leading a bid to purchase a controlling interest in the Washington Spirit on December 14, 2021.
In October 2021, Boehly began negotiations to buy the team and allegedly hoped to close the acquisition.
On January 12, 2022, it was reported that Boehly had backed out of the team’s acquisition discussions.
Todd Boehly Networth
According to Forbes, Toddy is worth $4.5B and he is the 637th richest on earth.
Mr. Boehly supports epilepsy research, Focused Ultrasound Foundation, Prostate Cancer Foundation, Brunswick School, and The College of William & Mary.
Following Todd Boehly success with the Los Angeles Dodgers ,Chelsea Fans will will be excited with news that The Todd Boehly-led consortium has now been announced as the preferred bidder for the club.
The whole World will waiting for the official announcement to be made next week.