Who is Todd Boehly? Preferred Chelsea bidder and LA Dodgers owner

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Todd Boehly is the leading contender to take over Chelsea from Roman Abramovich  (AFP via Getty Images)
Todd Boehly is the leading contender to take over Chelsea from Roman Abramovich (AFP via Getty Images)

Todd Boehly is moving closer to completing his takeover of Chelsea.

A consortium led by the American businessman and investor has been named as the preferred bidder for the club, which has been put up for sale by Roman Abramovich after the Russian was sanctioned following his country’s invasion of Ukraine.

Boehly must still fend off a bid from Sir Jim Ratcliffe, the founder of Ineos who has entered the process late, but is the favourite to complete a deal and become the club’s next owner.

He has teamed up with fellow Los Angeles Dodgers co-owner Mark Walters, British businessman Jonathan Goldstein, Swiss billionaire Hansjorg Wyss and US investment firm Clearlake Capital. The group appears set to beat out three other shortlisted bidders.

Owner of Major League Baseball (MLB) franchise the Dodgers, Boehly graduated from William & Mary university in 1996 and also studied at the London School of Economics.

Pursuing a career in banking and venture capital, he spent time working for industry heavyweights Credit Suisse and J.H. Whitney & Company, before joining Guggenheim Partners.

While president, Boehly formed holding company Eldridge Industries, buying out several media properties and diversifying investments.

The 46-year-old is, according to Forbes, now worth around £3.6billion ($4.5bn).

Roman Abramovich has been forced to sell Premier League club Chelsea (Copyright 2021 The Associated Press. All rights reserved)
Roman Abramovich has been forced to sell Premier League club Chelsea (Copyright 2021 The Associated Press. All rights reserved)

Alongside his part-ownership of the Dodgers, Boehly also has stakes in Los Angeles-based basketball teams the Lakers (NBA) and Sparks (WNBA).

He is also an owner of DraftKings, a prominent sports gambling company.

Boehly has made overtures towards owning Chelsea previously; an offer of $3bn (£2.2bn) was knocked back by Abramovich in 2019.

“Football’s the biggest sport in the world, the passion the fans have for the sport and the teams is unparalleled,” Boehly told Bloomberg at the time that his interest in buying Chelsea emerged.

“So what you are trying to build with these teams, you are really trying to a) win and (b) be part of the community.

“The opportunity we had with the Dodgers was really about part-ownership with Los Angeles. How are we going to win? How are we going to drive championships and how are we going to build passion? If you look at what the Premier League offers, it’s all of those things.

“It’s the highest quality play, it’s the best players, and you also have a media market that’s just really developing.”

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