Chelsea set to lose most expensive sports team tag - just a week after £4.25bn takeover

Chelsea are set to lose their tag as the most expensive sports team in history with NFL side Denver Broncos close to being sold.

A consortium led by US businessman Todd Boehly completed a takeover of the Blues in May, worth a whopping £4.25billion. The new owners paid £2.5bn to take over the Premier League club and have committing to investing a further £1.75bn into its infrastructure.

That deal makes Chelsea the most expensive sports team in history, although they are set to lose that impressive tag imminently. The Broncos are expected to be purchased by Rob Walton - a heir to the Walmart fortune - for an eyewatering $4.5bn (around £3.6bn).

As reported by Forbes, Walton, 77, is set to win the bidding for the NFL franchise. The bid is supported by his daughter Carrie and her husband Greg Penner. The Walton family are the richest family in America, with Rob reportedly worth $59.1bn (around £47.1bn).

The Broncos are one of the most successful NFL teams in history, winning three of their eight Super Bowl appearances. They've also reached the play-offs 22 times, although they haven't challenged for the Super Bowl since their most recent triumph in 2015.

Boehly had shown an initial interest in buying the Broncos and was moved into a second phase along with four other parties in late April, according to sources close to the process, but it did not progress into more serious consideration as it ran in conjunction with the bid to buy the Premier League club.

Josh Harris, the Crystal Palace part-owner who was also part of one of three finalists to take over at Stamford Bridge, was also among the five to have been linked with taking control of the NFL franchise.

Chelsea, meanwhile, will be hoping to maintain their