A group led by American businessman Todd Boehly, who owns a minority stake in the NBA's Los Angeles Lakers and MLB's Los Angeles Dodgers, reportedly advanced to the next round of bidding to purchase English Premier League club Chelsea.
ESPN's James Olley reported Friday that Boehly's contingent, also featuring Swiss businessman Hansjorg Wyss and British property investor Jonathan Goldstein, was informed they've moved on in the process by The Raine Group, which is handling the sale.
Chelsea owner Roman Abramovich, a Russian oligarch, announced March 2 he planned to sell the club amid mounting pressure following Russia's military invasion of Ukraine.