The consortium led by Los Angeles Dodgers part-owner Todd Boehly has moved clear in the race to buy Premier League club Chelsea for more than $4.4 billion (£3.5bn), after being selected as the preferred bidder despite a last-ditch higher offer from British billionaire Sir Jim Ratcliffe, sources have told ESPN.
In a dramatic day of developments, the New York-based merchant bank Raine Group, appointed to handle the sale of the club, were in the midst of identifying a leading candidate from the three remaining parties when Ratcliffe confirmed a new offer totalling £4.