Latest News

The Wall Street Journal: Group led by L.A. Dodgers part-owner Boehly reportedly reaches deal to buy Premier League club Chelsea F.C.

A group led by Los Angeles Dodgers part-owner Todd Boehly reached a deal to acquire Chelsea Football Club from Russian billionaire Roman Abramovich for more than £4 billion, equivalent to $4.93 billion, according to people familiar with the matter, marking a record sale price for a professional sports team.

The deal still needs approval from the U.K. government. It follows a roughly two-month auction process that attracted a who’s who of American bidders seeking to acquire the marquee sports brand.

The Wall Street Journal reported a week ago that the Boehly group beat out two other U.S.-led groups for the right to negotiate a final deal.

An expanded version of this report appears at WSJ.com.

Top stories from WSJ.com

Hiring Is Hard Enough. Now New Workers Are Vanishing Before They Even Start.

Mass Graves in Ukraine Reveal Mounting Death Toll

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News