Chelsea co-owner Todd Boehly eyes acquisition of The Telegraph
Kenley Ward
Dailysports's expert
American billionaire Todd Boehly, co-owner of Chelsea FC, is looking to expand his business interests in the United Kingdom.
Details: According to the Financial Times, Boehly is reportedly preparing to enter negotiations to acquire the iconic British publication The Telegraph.
Boehly aims to disrupt a pending deal for The Telegraph involving American media executive David Efune, who was set to purchase the publication for £550 million. Instead, the Chelsea co-owner plans to engage with RedBird IMI, the company currently owning The Telegraph, by offering a higher bid.
However, specific details regarding the exact amount Boehly is willing to pay have not yet been disclosed.
Founded in 1855, The Telegraph stands as one of England's oldest and most prestigious publications.
Reminder: Earlier today, it was revealed that the bonuses awarded to Manchester City and Chelsea for their participation in the Club World Cup have sparked discontent among other Premier League clubs.
