Todd Boehly outlines sporting philosophy as potential Chelsea takeover looms

The LA Dodgers co-owner is expected to be named as preferred bidder as the race to purchase the Premier League club from Roman Abramovich reaches the latter stages.

Boehly has paired up with fellow Dodgers owner Mark Walter, British businessman Jonathan Goldstein, Swiss billionaire Hansjorg Wyss and US investment firm Clearlake Capital in their consortium offer for the Blues.

As fans look to learn more about their prospective new owner, Boehly gave an insight into his approach to business during an appearance at the 2022 Milken Institute Global Conference.

He said: "There's nothing like sports to excite passion and if you have passion, then you have people who care about things.

"And if you have people who care about things, you have great opportunity. And really, it's about curating that experience, that access, that opportunity.

"For example, we'll have four million people coming out to Dodger Stadium this year. So, our goal is to give them the best possible experience. We still have the most affordable tickets in the league basically, for a stadium that's full regularly.

"In some sports like the NFL, they share all the media money. In baseball, you're really a derivative of your local market.

"The Premier League's similar. If you look at the way it works, to be one of the big brands, you have a structural advantage. And for us, we're always looking for structural advantages."

Although Boehly is the frontrunner, Ineos owner Sir Jim Ratcliffe launched a late bid to secure the club, but Simon Jordan believes that approach is all about being disruptive.

When asked why Ratcliffe has made the late bid, Jordan told talkSPORT: "No idea… being a disruptor? His bid is the lowest bid. He hasn't bid what the other guys have bid.

"The other guys have bid near to £3billion and he has bid the £2.5billion, which was supposedly the price people were to get to and bid a future commitment of £1.75billion. A future commitment, which I'm suspecting the other guys will spend just as much as he's forced to spend.

"If they are going to develop the stadium, which I suspect they are all going to, they are all going to the same place.

"He's had ample time to get in a situation where he could have done this. Whatever has prompted him behind this?

"You also have the Todd Boehly bid, the make up of that and who is behind it. There are some very interesting people, not necessarily financially well heeled, but people who are intellectually well heeled like Danny Finkelstein.

"It's going to be Todd Boehly and his gang, those are going to be the guys who come out of it.

"Jim Ratcliffe, whenever he gets involved in sport it is not always the greatest success. He wasn't the greatest success with Ben Ainslie over the America's Cup, but the man has significant wealth.

"He's a Manchester United fan, not that that influences who you can and can't own.

"If he wanted to be involved in this process, he could have been at some point and probably didn't want to be at the table in a bidding auction with other people, but this bid that has been dressed up as £4.25billion… what you spend in the future has nothing with what you buy the football club for.

"There are two things. The price you've got to pay to own this business and what you project to spend in the future, that's for the birds."