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Former Chancellor George Osborne is drafted in to advise a US group on a £2.5bn bid to buy Chelsea football club

George Osborne has been drafted in to boost a £2.5billion bid to buy Chelsea FC, it emerged last night.

The former Chancellor is advising a US group competing to buy the club from Roman Abramovich, with the successful bidder likely to be announced as soon as this week.

The Premier League club was hastily put up for sale last month after oligarch Abramovich was sanctioned by the Government after Russia’s invasion of Ukraine.

The former Chancellor is advising a US group competing to buy the club from Roman Abramovich, with the successful bidder likely to be announced as soon as this week

Chelsea fan Mr Osborne is advising a consortium fronted by American billionaire Todd Boehly after the City firm he joined last year, Robey Warshaw, signed up as an adviser.