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Report Chelsea Boehlys group to enter exclusive talks over r

The consortium led byLos Angeles Dodgerspart-owner Todd Boehly is set to be named as the preferred bidder to buyChelseafrom Russian oligarch Roman Abramovich, according toBBC Sports Dan Roan.

The group will therefore enter exclusive negotiations over purchasing the Premier League club. The offer is $3 billion,Reutersreports, which would set a record sale price for a professional sports team.

Boehlys consortium appears to be in pole position despite a generous late bid from British businessman Sir Jim Ratcliffe. The 69-year-old, who apparently supports Chelsea,promisedhis regime would be temporary custodians of a great tradition at the club if its $5.3-billion offer was successful.

Ratcliffes approach came weeks after the initial bid deadline of March 18.

Stephen Pagliuca, co-owner of the Boston Celtics, was informed on Friday that his offer failed. A bid involving Philadelphia 76ers co-owners and private-equity veterans Josh Harris and David Blitzer was also trumped by Boehlys consortium, according toCara Lombardo, Ben Dummett, and Miriam Gottfried of The Wall Street Journal.

A group led by Chicago Cubs chairman Tom Rickettswithdrewits interest earlier in April due to the unusual dynamics around the sales process.

Abramovich put Chelsea put up for sale in March. The owners status at Stamford Bridge became tenuous after he was hit by sanctions from the British government over his ties with Russian President Vladimir Putin.

Chelsea have since operated under numerous restrictions, including caps on ticket sales and being barred from offering players new contracts.

Report: Chelsea, Boehlys group to enter exclusive talks over record sale

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