Todd Boehly is set to lodge a formal offer to buy Chelsea from Roman Abramovich in the coming days. 

Boehly is one of the owners of the Los Angeles Dodgers.

Abramovich announced his intention to sell Chelsea on Tuesday night amid escalating tensions between Russia and the West over the invasion of Ukraine.

The United Kingdom government have been under mounting pressure to freeze the assets of high-net-worth individuals with portfolios in England, and although Abramovich has always denied any ties to the Vladimir Putin regime, Labour MP Chris Bryant claims a leaked Home Office document from 2019 states that he is a person of interest.

Abramovich wants at least £3 billion for Chelsea.