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May 20, 2022

News of the Trade

Latest trading, investing, and financial news

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, according to people familiar with the matter.

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.