Todd Boehly is confident that his consortium’s attempted takeover of Chelsea Football Club will be completed soon, according to reports. It comes after “highly productive” talks between parties on Wednesday.
Despite this, the clock is still ticking for the Blues, following Roman Abramovich ’s decision to sell the club back in March. The Russian owner was shortly sanctioned following Russia’s invasion of Ukraine and the club was placed under a special sporting licence that expires at the end of this month.
It outlines how crucial it is for the deal to be completed soon, with culture secretary Nadine Dorries claiming Chelsea are working on “borrowed time”. US banking firm Raine have been overseeing the process, eventually sifting through bids to pick out Todd Boehly’s consortium as the preferred bidder.
