Multiple bids lodged for Chelsea prior to official deadline

Manchester City v Chelsea FC - UEFA Champions League Final

There had been up to four confirmed bids made for Chelsea prior to the deadline of 21:00 GMT on Friday, according to widespread reports.

Chelsea have been sold by Roman Abramovich, his assets suspended by the United Kingdom government and the European Union (EU) following the Russian invasion of Ukraine.

Abramovich is said to be valuing the club he bought in 2003 for £ 3billion.

The investment company Raine Group oversees the process of selling the club, with any funds that should be directed to the charity or closed account.

With the deadline passed, four teams have confirmed their tenders for the clubs, although more tenders are expected to be announced or submitted over the weekend.

The new Chelsea owner will need to be approved by the government and pass standard checks in the Premier League.

One interest group is an organization led by British architect and Chelsea supporter Nick Candy. A spokesman for Candy’s Blue Football Consortium said, as reported by BBC Sport: “I can confirm that the two South Korean companies, Hana Financial Group and C&P Sports Group, are an integral part of Mr. Candy’s global investor organization and global product and many fans. faithful in Asia. ” Candy wants to redevelop Stamford Bridge in case he succeeds in buying the club. Former Blues boss Gianluca Vialli is also involved.

The Ricketts family, owners of MLB’s Chicago Cub and backed by hedge fund businessman Ken Griffin, are one of the applicants.

Martin Broughton, former Liverpool chairman, and Sebastian Coe, president of World Athletics, led another consortium to apply. “I am convinced that Sir Martin is the right man to lead Chelsea Football Club in its next round,” Coe said in a statement earlier this week.

Another group of applicants is an organization led by Swiss millionaire Hansjorg Wyss and American businessman Todd Boehly, who is part of the Los Angeles Dodgers owner. Jonathan Goldstein, a British businessman, journalist Daniel Finkelstein and PR guru Barbara Charone joined the group.

Following Abramovich’s sanctions, Chelsea have not been able to sell match tickets or merchandise, although season ticket holders are still able to attend home games.

They also have the cost of installing home games, and their travel to the games is complete.

Thomas Tuchel’s side will face Middlesbrough in the FA Cup this weekend.

Leave a Reply