American businessman Todd Boehly was lead bidder to buy Chelsea from Roman Abramovich
(Picture: Evening Standard comp)The battle for the Bridge is down to two. Well… kind of. When it comes to the sale of Chelsea, it feels like nothing is off the table. American businessman Todd Boehly has entered a five-day exclusive negotiation period to buy out Roman Abramovich after beating off competition from some of the richest people in the world.
It has been an expensive process — and that is before the outlay of around £4 billion is taken into account. Boehly is backed by Swiss billionaire Hansjorg Wyss, British developer Jonathan Goldstein and has major funding from investment firm Clearlake Capital. US merchant bank, Raine Group, has been appointed by Abramovich to conduct the sale — and they have been thorough in their duties. Would-be buyers have been put through a series of rounds to test the strength of their bids.
