Chelsea news: Former Chancellor George Osborne joins Todd Boehly’s bid for the Premier League club

Former Conservative MP and Chancellor of the Exchequer George Osborne is the latest high-profile name to join Todd Boehly’s bid for Premier League outfit, Chelsea.

The LA Dodgers co-owner hopes to add extra credibility to his bid, and adding the ex-Evening Standard editor is certainly a step in that direction. 

London-based firm Robey Warshaw, where Osborne works as a partner, is understood to have joined Boehly's bid in an advisory capacity.

Including a former top Government official to his consortium adds another edge and an extra layer of credibility to Boehly's ambition of purchasing the Stamford Bridge club.

Osborne is a Chelsea fan and attended the club's 2012 Champions League final victory over Bayern Munich.

Didier Drogba lifts the Champions League Trophy with Roman Abramovich on the right and British politician George Osborne in the background.

In a week's time, New York merchant bank the Raine Group is set to select a preferred bidder in the ongoing race to buy the club.

As things stand, Todd Boehly's consortium is made up of Swiss billionaire Hansjorg Wyss and British businessman Jonathan Goldstein.

However, the American faces competition from two other bids, one led by former Liverpool chairman Sir Martin Broughton and the other by Boston Celtics co-owner Steve Pagliuca.

Todd Boehly

The Ricketts family, who own baseball franchise Chicago Cubs, were also in the race until a dramatic u-turn saw them withdraw their bid.

Whoever is successful in their pursuit of the club will have to pass the Premier League's owners and directors test. The UK Government would also be required to grant a new licence in order to formally complete the sale of the club.

Roman Abramovich put the Blues up for sale on March 2, amid the ongoing conflict in Ukraine.

Roman Abramovich

The Russian-Israeli billionaire was also sanctioned by the British Government, with Downing Street claiming to have evidence of the owner's links to Russian president, Vladimir Putin.

Despite the sanctions on the 55-year-old, Chelsea have been able to continue operations thanks to a special licence provided by the Government. Abramovich is unable to profit from the sale of his club.

READ MORE: Chelsea news: Who are the remaining three bidders in the race to buy the Premier League club?

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