Soccer-Boehly in exclusive negotiations to buy Chelsea for $3 billion- source

© Reuters/TOBY MELVILLE Stamford Bridge, the stadium for Chelsea Football Club, in London

MANCHESTER (Reuters) – The consortium led by LA Dodgers part-owner Todd Boehly is in exclusive negotations to buy Premier League club Chelsea for $3 billion, a source familiar with the matter told Reuters on Friday.

Boehly’s consortium was one of a number of bidders who had approached New York bank Raine with bids to purchase the team, which was put up for sale by owner Roman Abramovich following Russia’s invasion of Ukraine and before sanctions were imposed on the oligarch by the British government.

(Reporting by Greg Roumeliotis in New York, writing by Simon Evans in Manchester, Editing by William Maclean)