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Sale of Chelsea FC to be completed soon following bid submissions

in Sports
Reading Time: 2 mins read
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Damilare Aanuby Damilare Aanu
March 17, 2022

The sale of Chelsea Football Club could jump ahead quickly after Friday’s deadline for bid submissions.

New York merchant bank the Raine Group will whittle down a shortlist of preferred bidders following Friday’s deadline to make an offer.

The fast pace of the Stamford Bridge club’s sale means a shortlist as tight even as three bids could be in place by early next week.

A strong nucleus of bidders are ready to submit their proposals, and a clutch of those suitors strengthened their hands significantly amid yet more remarkable developments on Thursday.

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Lord Sebastian Coe joined Sir Martin Broughton’s bid, adding heavyweight credence to the former Liverpool chairman’s candidacy to buy the Blues.

Coe, who is World Athletics president and London 2012 Olympics chief, and the lifelong Chelsea fans’ support by Broughton would be understood to find favour in government circles.

Chicago Cubs owners the Ricketts family confirmed their Chelsea bid in a bullish statement, and added influential hedge fund boss Ken Griffin to their consortium.

British property tycoon Nick Candy recruited Chelsea’s favourite Gianluca Vialli to his bid, with the former Italy striker and current Azzurri assistant coach sure to win favour with Blues supporters.

Vialli’s sports investment and merger company Tifosy’s expertise would also add substance to Candy’s bid.

LA Dodgers part-owner Todd Boehly was the first to emerge as a genuine contender in the Chelsea race, with the US magnate’s consortium another to carry clout.

New York Jets owner Woody Johnson has long been mooted as lining up a bid but has yet to make his intentions public.

Roman Abramovich put Chelsea up for sale on March 2, amid Russia’s continued invasion of Ukraine.

The Russian-Israeli billionaire was then sanctioned by the Government last week, with all his UK assets frozen barring Chelsea, with the Blues operating under strict Downing Street licence.

The Government sanctioned Abramovich after claiming to have proven his links to Vladimir Putin, but the 55-year-old has always denied those assertions.

Chelsea’s form has been a little short of exceptional since Abramovich announced his intentions to step back from frontline ownership at Stamford Bridge.

The Blues’ Russian owner tried to place Chelsea in the “stewardship and care” of the club’s Chelsea Foundation trustees just as Thomas Tuchel’s side geared up for the League Cup final.

Chelsea lost out 11-10 to Liverpool on penalty kicks after one of the most exacting shoot-outs in British cup final history, and have won every match since.

The Blues added their fifth win on the spin with Wednesday’s 2-1 UEFA Champions League victory at Lille to defeat the Frenchmen 4-1 on aggregate and reach the quarter-finals.

Chelsea now awaits Friday’s last-eight draw with relish, with Tuchel aiming for the title-holders to become the team no one wants to face.

“I want us to be the team that nobody wants to play,” said Tuchel.

“That is the role we see ourselves in, in this round of the last eight.

“It’s a big step to do it again and again and again, and that’s why we fight for the top four places in the toughest league may be in the world right now.

“And we fight now in the last eight teams of the Champions League again.

“So, this brings out the very best in us and we want to be the team that nobody wants to play against. So, let’s see what happens.”

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LATEST UPDATES

Japan’s justice minister resigns after death penalty quip

November 11, 2022

Quinquagenarian docked for alleged wilful damage, land grabbing

November 11, 2022

Mitigating impact of emerging biosecurity threats

November 11, 2022

2 public servants docked over alleged failure to produce suspect

November 11, 2022

Company donates 40 WPS licenses for ABU’s smart classrooms

November 11, 2022

Security men docked for alleged theft of generator in Lagos

November 11, 2022

Ebonyi’s Gov. Umahi plans to produce 10,000 young multimillionaires using agriculture

November 11, 2022

Blatter says Iran should be barred from Qatar World Cup

November 11, 2022

FG, LASG promise joint action on Eko Bridge, others

November 11, 2022

Quacks are taking over our profession in Ogun, Medical Doctors seek intervention

November 11, 2022
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LATEST NEWS

Japan’s justice minister resigns after death penalty quip

3 years ago

Quinquagenarian docked for alleged wilful damage, land grabbing

3 years ago

Mitigating impact of emerging biosecurity threats

3 years ago

2 public servants docked over alleged failure to produce suspect

3 years ago

Company donates 40 WPS licenses for ABU’s smart classrooms

3 years ago

Security men docked for alleged theft of generator in Lagos

3 years ago

Ebonyi’s Gov. Umahi plans to produce 10,000 young multimillionaires using agriculture

3 years ago

Blatter says Iran should be barred from Qatar World Cup

3 years ago

FG, LASG promise joint action on Eko Bridge, others

3 years ago

Quacks are taking over our profession in Ogun, Medical Doctors seek intervention

3 years ago
PDP logo

PDP to lodge formal complaint to police over attacks on its campaign trails

3 years ago

2023: South-South Committee promises massive votes for Tinubu

3 years ago

Presidency commends Saudi Humanitarian support to Nigerian conjoined twins

3 years ago

APC chairman optimistic of Tinubu’s victory in 2023 Elections

3 years ago

2023 Elections: Former Information Minister tasks editors on agenda setting

3 years ago

North-West is indebted to Tinubu, says APC contact committee

3 years ago
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