US billionaire Mark Walter – who is worth £3.3BILLION – ‘joins bid led by fellow LA Dodgers chief Todd Boehly to buy Chelsea’… after the deadline for suitors to put forward their final offers was extended to Thursday
- There is no indication how much Mark Walter could contribute to the bid
- He is the chief executive Guggenheim Baseball Management, where Todd Boehly is a main partner
- The LA Dodgers have been successful on the pitch under them, winning the 2020 World Series
- They are not the only owners of a baseball side interested, with the Ricketts family also in the running
Mark Walter has reportedly backed LA Dodgers co-owner Todd Boehly by joining the latter’s bid to buy Chelsea.
The US billionaire, himself worth an estimate £3.3billion ($4.4bn), has according to The Athletic and The Telegraph joined the consortium bidding to own the Premier League side.
There is however no indication how much money the 62-year-old could or will contribute to the bid, which will have to be submitted by Thursday April 14.
That is the new deadline set for the four bidders looking to buy the club, handing the interested parties an extension from the initial cut-off date of Monday April 11 to finalise their offers.
The bidding process is being overseen by Raine, the merchant bank appointed by Roman Abramovich to find buyers before his assets were frozen by UK Government sanctions in response to Russia’s invasion of Ukraine.
The Raine Group are also said to be waiting for clearance from the Premier League before presenting a preferred buyer to the UK government.
Boehly – who Sportsmail revealed still has a £120million stake in a betting company that is still operating in Russia – is one of the five main partners at Guggenheim Baseball Management, the firm that owns their Major League Baseball side.
However, Walter is the chief executive of the company and is also the chairman of the side that has enjoyed success on the field under their ownership, winning the 2020 World Series.
Mark Walter has reportedly backed LA Dodgers co-owner Todd Boehly by joining the latter’s bid to buy Chelsea
Boehly’s led bid is among four interested parties who will have until Thursday to finalise offers
The Dodgers have enjoyed success under the pair, winning the World Series two years ago
But the pair are not the only owners of a baseball side interested in buying Chelsea with the Ricketts family – who have faced protests from Chelsea fans over their bid and own the Chicago Cubs – also in the running.
They have also received support in the United States, with Cleveland Cavaliers owner Dan Gilbert reportedly joining hedge fund magnate Ken Griffin among the backers of the Ricketts’ bid.
Gilbert heads Rock Entertainment Group and boasts a personal estimated net worth of £24bn and is therefore one of the US’ wealthiest men, while Griffin’s personal fortune is estimated at £22bn.
Gilbert and Griffin are understood to have been signed up to the Ricketts consortium from the start of the family’s bid to take the helm at the Stamford Bridge club.
The Ricketts family – who have faced protests from Chelsea fans over their bid and own the Chicago Cubs – are also in the running
But the Chelsea Supportes Trust revealed 77 per cent of their fans are against the Ricketts’ bid to buy the club amid concerns over diversity and inclusion, with father Joe calling Muslims ‘my enemy’.
A consortium led by Sir Martin Broughton has also faced controversy from Burma Campaign UK for his involvement with British American Tobacco and their relationship with the Burmese military.
Fresh controversy also rocked bidding process earlier this month when ministers were asked to bar the shortlisted offer made by Bain Capital co-chairman Stephen Pagliuca.
Boehly meanwhile travelled to London in time to see the Blues’ 3-1 defeat by Real Madrid in their Champions League quarter-final first leg, ahead of what were believed to be further discussions about his bid.
But while one of the most hotly contest sports auctions in history rumbles on, there could still be more ramifications on Thomas Tuchel’s squad.
Uncertainty over who will stay and who will leave Chelsea this summer hangs over the club the longer the takeover hangs over the club.
Chelsea are unable to sign players to new contract following the current sanctions placed on Russian oligarch Roman Abramovich, meaning a number of first-team players could leave at the end of the season.
Boehly travelled to London to see the Blues’ 3-1 defeat by Real Madrid in their Champions League quarter-final first leg