FORMER chancellor George Osborne has been brought in by Todd Boehly’s consortium to give them a boost in their pursuit to take over Chelsea Football Club.
The US investor is now one of three that is looking to buy the significant stake at Stamford Bridge.
On Friday, the Ricketts family announced that they had withdrawn their bid for the club after facing backlash from fans.
An official statement from the group read: “The Ricketts-Griffin-Gilbert Group has decided, after careful consideration, not to submit a final bid for Chelsea FC.
“In the process of finalising their proposal, it became increasingly clear that certain issues could not be addressed given the unusual dynamics around the sales process.
“We have great admiration for Chelsea and its fans, and we wish the new owners well.”
But now it looks like Boehly and the Clearlake Investment Group could be the frontrunners.
According to Sky News, ex-chancellor Osborne has now signed up as an advisor for the consortium.
The former Conservative minister is a lifelong Chelsea fan and season ticket holder.
He is also a close friend of The Times columnist Lord Finckelstein, who has agreed to join the Chelsea board if Boehly’s bid is successful.
FREE BETS AND SIGN UP DEALS – BEST NEW CUSTOMER OFFERS
Boehly reportedly attempted to buy the club from Roman Abramovich in 2019, but he was unsuccessful.
He is already heavily involved in sport as an owner of Los Angeles Lakers, Los Angeles Dodgers, and WNBA team Los Angeles Sparks.
The businessman also has an impressive portfolio in the entertainment industry.
He owns MRC entertainment company, which produces Netflix hit Ozark.
Sir Martin Broughton and Lord Seb Coe’s consortium, which is funded by American financiers Josh Harris and Dave Blitzer, is also still in the race for the club.
Boston Celtics owner Stephen Pagliuca is another candidate, but he would have to get rid of his other football ownership with Italian side Atalanta.