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Chelsea purchase: US investor with good chances, Ineos too late?

When bidding for the takeover of the English Premier League club Chelsea FC, a consortium around the American entrepreneur Todd Boehly should have the best chances.

Chelsea purchase: US investor with good chances, Ineos too late?
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As the American “Wall Street Journal” reports, investors should enter preferential talks with the top English club. A purchase price of more than three billion dollars is under discussion. Boehly is also a co-owner of the Los Angeles Dodgers baseball club.

It had previously become known that the British chemical company Ineos had entered the race, but the offer may have come too late. As the holding company around boss Jim Ratcliffe announced, it offered 4.25 billion pounds (around 5.05 billion euros) to purchase the London football club. According to English media reports, the offer should be far above the previous bids of other interested parties. Ineos has invested heavily in sports in recent years and football in Formula 1, sailing, and cycling.

The British government and the Premier League must approve the purchase of the club. The state’s permission is necessary because the assets of the previous club owner Roman Abramovich have been frozen.

The Russian billionaire had put the club up for sale before being hit with harsh sanctions by the UK government over its alleged closeness to Russian President Vladimir Putin. The sanctions also beat Chelsea.

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