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American millionaire Todd Boehly makes initial Chelsea bid and awaits Roman Abramovich’s decision

American millionaire Todd Boehly is waiting to hear out whether or not Roman Abramovich will accept his proposal to acquire Chelsea.

The Boehly-led bid, which features Swiss billionaire Hansjorg Wyss and one other, so far unknown, person, has formally been lodged through the New York-based merchant bank Raine.

 

It is understood the group are yet to receive a response and that it is unclear whether or not Abramovich will now wait for the March 15 deadline for offers to make a judgment on Boehly’s offer.

 

Boehly, who is a part-owner of the LA Dodgers, sought to jump the queue of interested parties in buying Chelsea from Abramovich by placing his bid in advance of the deadline. It is understood the offer has been in for roughly 48 hours.

 

The March 15 deadline for bids is now the same date that Britain will be able to sanction hundreds of individuals if emergency legislation is implemented as anticipated, according to foreign minister Liz Truss. It remains to be seen if that persuade Abramovich, who has received calls from MPs to be sanctioned, to accept bids sooner than that date.

 

Boehly is yet to comment on his effort to buy Chelsea, however his partner Wyss last week revealed the group’s interest in the Stamford Bridge club.

 

Given the credentials of Boehly and Wyss, it seems unlikely their company will meet any big obstacle in gaining the green light from the Premier League to assume control of Chelsea.

 

Chief executive Richard Masters last week indicated that the essential inspections could be done inside 10 days and Boehly would appear give Abramovich the prospect of finalizing a speedy deal to sell Chelsea.

 

There have been suggestions that the Ricketts family, who own the Chicago Cubs, could rival Boehly’s offer to buy Chelsea and that a Saudi-based media group was seeking to assemble together a consortium.

 

Both the Ricketts family and the Cubs have not responded to attempts by Telegraph Sport to confirm their interest, while sources in the United Arab Emirates have been unable to evaluate how plausible a Saudi proposal is, although that may bring up a variety of complications.

 

Telegraph Sport has also made an attempt to contact New York Jets owner Woody Johnson, who has been connected with making an offer for Chelsea.

 

Johnson was nominated as the United States ambassador to the United Kingdom by Donald Trump, throughout his administration, and the pair have supposedly stayed close.

 

Turkish investor Muhsin Bayrak has declared he remains in the competition to acquire Chelsea. Despite uncertainties regarding the legitimacy of his assertions last week, Bayrak maintains he has made a proposal around £2.5billion.

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