According to The Guardian (via Daily Star), Chelsea co-owner Todd Boehly was unsuccessful in his attempt to purchase Ligue 1 giants Olympique Lyon earlier this month.
The American was unable to complete his mission because Crystal Palace investor John Textor had already agreed to buy a majority stake in the French club ahead of the Blues owner.
Tom Glick, the former City Football Group chief commercial officer, has been tasked with assisting Boehly in establishing a multi-club system at Chelsea. Glick, on the other hand, spent months working on a similar plan with Textor.
The Eagles investor is said to have agreed on a deal with the French club as early as June, while Boehly made a last-minute bid to buy the club earlier this month.
This is not the first club that the American has failed to acquire. Santos, a Brazilian club, also turned down the Blues owner.
Boehly has been vocal about the club’s desire to establish a multi-club network. The American hopes to boost the club’s global brand while also assisting young players in gaining senior-level football experience.
The new owner clearly has a long way to go before establishing a multi-club network. Fans will be relieved to learn that their club’s owner is willing to invest time and money in the club’s future.