Todd Boehly has won the race to buy Chelsea, according to reports.
The Telegraph claim that his consortium's £3.5billion offer has resulted in him being selected as the preferred bidder to succeed Roman Abramovich, despite Sir Jim Ratcliffe lodging an extravagant late bid. Britain's richest man had offered £4.25billon to buy the Blues, although Boehly looks to have won the race which has lasted almost two months.
While there has been no official confirmation from the Boehly's consortium, Chelsea or the Raine banking group who are overseeing the sale, the America is now expected to be confirmed as the Blues' buyer. The news comes after Stephen Pagliuca and Sir Martin Broughton, two rivals bidders, were told that they would not advance in the process.
