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Saturday, May 4, 2024

Chelsea held in front of Boehly, Watford relegated

Chelsea’s potential new owner Todd Boehly

LONDON:Chelsea blew a two-goal lead in front of prospective owner Todd Boehly as Wolves snatched a dramatic 2-2 draw, while Watford were relegated from the Premier League after defeat at Crystal Palace on Saturday.

The consortium led by Los Angeles Dodgers co-owner Boehly has won the battle to buy Chelsea in a US$5.2 billion deal.

Roman Abramovich put the west London club on the market in early March, just days before he was sanctioned by the British government following Russia’s invasion of Ukraine.

After a lengthy bidding process involving several groups, Boehly and his fellow investors were picked by Raine Group, the New York bank overseeing the sale.

Boehly’s consortium includes a…

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