The bids are in for Chelsea; the deadline to submit an offer to buy the club from Roman Abramovich through the New York-based Raine Group passed on March 18.
A change is in the air; the bids to buy Chelsea FC from the sanctioned Russian oligarch Roman Abramovich were lodged with the Raine Group on Friday, March 18. The New York-based bank will now go through the offers, looking both at the monetary value and beyond, before putting the best one forward for advanced negotiations.
Among the known bidders were the USA-based Ricketts family, owner of Major League Baseball side Chicago Cubs. Ricketts joined forces with Citadel’s Ken Griffin, a Chicago-based hedge fund, and lodged a bid with the Raine Group with the purpose of buying the club, as confirmed by The Athletic’s Simon Johnson.
As anticipated, Todd Boehly, along with Hansjorg Wyss and other partners, also submitted an offer to buy the club after adding key personnel to his team late in the week.
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Nick Candy, another of the businessmen linked with the Boehly-Wyss group earlier in the week, submitted a bid himself along with associates of his own, thought to be over 2 billion pounds in value while adding the promise of developing a new stadium to sway the vote his way.
A late entry into the bidding war was of former Liverpool chairman Sir Martin Broughton and his associate and former athlete and International Association of Athletics Federations President, Lord Sebastian Coe.
“I am certain Sir Martin is the right man to lead Chelsea Football Club into its next chapter. He has the vision, acumen, and financial backing to ensure our club’s future success, keeping Chelsea at the top of European football and challenging for trophies,”
“But most importantly, like me, he is a lifelong Chelsea supporter and Shed End season-ticket holder.”
Coe said upon teaming up with Sir Broughton.
Goal confirmed that Saudi Media Group’s bid was on track to be lodged with the Raine Group before Friday’s deadline, too.
