Back to the Premier League Newsfeed

Chelsea takeover bidder Todd Boehly holds shares in a betting firm that is STILL operating in Russia

One of the front-runners in the battle to buy Chelsea, LA Dodgers owner Todd Boehly, is a shareholder in a betting firm that is still operating in Russia.

The American billionaire paid around £120million through his investment vehicle Eldridge Industries last September to buy shares in Sportradar AG, a sports data and gambling company that has bucked the global trend to cease trading in Russia following the invasion of Ukraine.

In common with most global corporations, including industry giants such as Apple and Starbucks, the majority of betting companies have suspended operations in Russia following western governments' imposition of economic sanctions.