Chelsea chief Todd Boehly made bid to French club but missed out at last minute

Chelsea owner Todd Boehly reportedly failed in a late bit to buy Ligue 1 giants Lyon in the summer – missing out to an investor of their Premier League rivals Crystal Palace.

American billionaire Boehly has spoken openly about his desire to create a multi-club network of football clubs akin to Manchester City owners City Football Group.

However, a reported attempt to buy Lyon was a failure – with Crystal Palace investor John Textor having agreed to buy a majority share before Boehly could do the same.

READ MORE: Todd Boehly 'muscles in on battle for Jude Bellingham' while Chelsea track Declan Rice

The Guardian report that Tom Glick, who has been helping Boehly to establish his worldwide network of clubs – had already been working with Textor.

Glick, who is a former chief commercial officer for City Football Group, is said to have been instructed to analyse potential investments in Brazil, Belgium and Portugal among other destinations.

Textor, who purchased 40% of Palace for a fee of £90million last year, is expected to connect his newest club with his others that include Botafogo and RWD Molenbeek.

Chelsea fans, which clubs would you want Todd Boehly to invest in? Tell us in the comments section below.

Chelsea have some way to go if they are to replicate the network acquired by City, who have thrived in the Premier League over the past decade.

City's owners, City Football Group Limited, have stakes in New York City FC, Melbourne City FC, Montevideo City Torque, Troyes AC, Lommel S.K, Mumbai City FC, Girona FC, Sichuan Jiuniu FC, Yokohama F. Marinos and Palermo F.C.

Boehly reportedly wants to improve the global brand of Chelsea as part of his 'long-term vision' as well as bringing the club more major silverware.

The Los Angeles Dodgers co-owner has previously said of his plans: "We are honoured to become the new custodians of Chelsea Football Club. We're all in – 100 per cent – every minute of every match.

"Our vision as owners is clear: We want to make the fans proud.

"Along with our commitment to developing the youth squad and acquiring the best talent, our plan of action is to invest in the club for the long-term and build on Chelsea's remarkable history of success."


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