The bid to purchase Chelsea FC led by Los Angeles Dodgers part owner Todd Boehly's consortium is reportedly expected to be submitted to the Premier League and the U.K. government for approval. The news comes after current owner Roman Abramovich rejected claims that he wanted a 1.6 billion pound ($1.98 billion) loan repaid to him, which cast doubt on Boehly's takeover bid, after Abramovich previously stated he wanted to give the net proceeds from the team sale to victims of the Ukraine war. (The Guardian)
Magic Johnson joined the bid group led by Philadelphia 76ers co-owner Josh Harris, one of at least five prospective buyers to bid for the Denver Broncos, according to someone familiar with the move. The addition of Johnson, who co-owns the Dodgers, Los Angeles Sparks and LAFC, among other entities, could help make the Harris-led faction's offer more attractive, with every Broncos bid group expected to have minority investors as the NFL aims to increase diversity within team ownership. (Sportico)
Formula One and Netflix Inc. confirmed two more seasons of "Drive to Survive," the docuseries which many credit for amplifying the sport and increasing popularity in the United States. The fourth season, which debuted this year, has been in Netflix's weekly top 10 in 56 countries, while Season 5 will air in 2023. (Reuters)
