American billionaire hasn’t given up on buying Chelsea. He’s set to submit another bid

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American billionaire Todd Boehly had submitted a massive bid to buy Chelsea, which was rejected by Chelsea owner Roman Abramovich.

Boehly, who owns 20 per cent of Major League Baseball team LA Dodgers, is worth £4.72billion.

Chelsea owner Roman Abramovich rejected the offer from the 46 year old American billionaire because it fell short of his valuation of the club, £3billion.

The Telegraph report that Boehly is still very keen to get his hands on the Blues and is likely to return with an improved bid.

Boehly is excited at the prospects of signing Chelsea as he’d love to invest in the Premier League.

The American billionaire sees the Premier League as a massive opportunity for investment and admits that’s it’s now gaining ground in America.

“Football’s the biggest sport in the world,” Boehly said in an interview with Bloomberg in September.

“The passion that the fans have for the sport and the teams is unparalleled. So when you start to think about what you’re trying to build with these teams you’re really trying to win and be part of a community.

“Opportunity that we had with the Dodgers was really about a partnership with Los Angeles. How are we going to win? How are we going to drive championships? How are we going to build passion?

“If you look at what the Premier League offers it’s all of those things. It’s the highest quality play, it’s the best players.

“You also have a media market that’s just really developing. One of the great things the Premier League has is that it’s on Saturday morning in America. So you have an uncongested time slot that is now fully dominated by Premier League.

“NBC has done an amazing job bringing that content. When I was growing up there was Pac-Man and Donkey Kong, but certainly I didn’t know about Man United, I didn’t know about Chelsea, I didn’t know about Tottenham.

“Kids these days are fully aware of what’s the best and Premier League these days are the best.”

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Chelsea is more than just a football club to me; it's a passion I share, and my affinity with the Chelsea badge is one that will last forever. As far as watching my favourite team is concerned, I'd rather miss a meal than miss a Chelsea game.