Chelsea from Roman Abramovich’s purchase offers have been made.
On Monday, public pressure to be choose as a prefer bidder for Chelsea increase as bankers task with selling the English Premier League club for sanction owner Roman Abramovich consider higher offers.
After submitting a bid of more than 2 billion pounds ($2.6 billion) for the club on Friday to the New York-base bank the Raine Group, which is also handling the process, British property mogul Nick Candy announce he “substantially” boost the price offer.
After being sanctioned in the United Kingdom and having his assets frozen as part of a crackdown on oligarchs following Russia’s invasion of Ukraine, Abramovich is being force to sell the reigning world and European champions. The Premier League also barred the Russian from operating the west London club and serving as a director.
A license for the buyout must be approve by the British government, and Abramovich cannot collect any proceeds from the transaction.
Candy’s “The Blue Football Consortium” includes proposed investments from Hana Financial Group, C&P Sports Group, and a third, unidentified business from South Korea.
The public announcements of the bidders aiming to win over fans and also decision-makers reflect the extraordinary public struggle to buy such an important franchise in world football.
“This is a once-in-a-lifetime opportunity to return football to the fans and place them at the center of Chelsea Football Club’s operations and strategy,” Candy said.
On Monday, a new bidder emerged: Centricus, a London-based global investment business with $38 billion in assets under management.
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Former Liverpool and British Airways chairman Michael Broughton is leading a partnership that includes; track legend Sebastian Coe, who is president of World Athletics, an IOC member, and a Chelsea supporter.
The Ricketts family, who own the Chicago Cubs, has also formed a partnership with hedge fund manager Ken Griffin. Joe Ricketts, the chairman of electronic trading company TD Ameritrade, amassed the family fortune. Tom Ricketts, his son, is the Cubs’ chairman.
In the 19 years that Abramovich has owned Chelsea, the team has won 21 trophies; depending on his extravagant investment to become one of Europe’s most successful clubs.
Chelsea’s capacity to spent and generate revenue is restricts by the conditions; of the license until a new owner find or the government relaxes its restrictions. As a result, the club will be unable to sell tickets to games, meaning that only season-ticket holders; will be allow to attend Premier League matches at Stamford Bridge.
The home leg of the Champions League quarterfinal against Real Madrid will be plays in front of a sold-out crowd.
However, FA Cup administrators are attempting to sell tickets for Chelsea’s quarterfinal versus Crystal Palace at Wembley next month. The English Football Association has also predict that the national stadium will be sold out.