Chelsea: Analysing the four bidders who have submitted their bid
By Varun Aithal
The Russia-Ukraine crisis has put Chelsea in a spot of bother. Accounts have been frozen, the club cannot sell tickets and merchandise, as well as cannot renew player contracts, sell, or buy players until Roman Abramovich sells up and the ownership situation is sorted.
Despite the sanctions, the UK Government handed the club a special license to operate during the prohibitions on those “connected” to Putin. Multiple sponsors have withdrawn and suspended their partnerships with the London outfit until things have cleared up.
The UK Government set the deadline to sell the club for no profit within 81 days. March 18, 2022, was the last day to submit the bid. And, three eminent personalities and consortiums have submitted the bid to buy the European Champions from Abramovich.
The report reads:
"The 9pm deadline for bids to buy Chelsea has passed, with consortiums led by Nick Candy, the Ricketts family and Sir Martin Broughton and Lord Sebastian Coe among the bidders.(Via: Sky Sports)"
The New York bank, Raine Group, is looking after the purchase of the Blues. They were the ones who had fixed the deadline to submit the bids amid the frenzy to buy one of the biggest global football brands from England.
Raine Group are looking to wrap up the deal at the earliest to help the club continue their football operations smoothly and get back to business as usual.
Let us look at the four bidders who have not only expressed their interests but also have submitted the bids to buy Chelsea from Roman Abramovich…
Four Chelsea offers
Offer #1) Nick Candy
Net Worth: $2 billion
Profession: Property Developer
Who are the partners in the consortium?
Nick Candy has submitted a bid of $2.6 billion along with two South Korean partners. Hana Financial Group and C&P Sports Group are the two South Korean partners in the deal.
Offer to Chelsea: The UK property magnate has also planned to build a new stadium in West London whilst creating a new landmark for London.
Offer #2) Ricketts Family
Net Worth: $4.9 billion
Profession: Owners of Chicago Cubs, co-founder of Incapital LLC
Who are the partners in the consortium?
US Hedge Fund Tycoon Ken Griffin has partnered along with Ricketts Family to purchase the club. Ken Griffin’s net worth stands at $27.3 billion.
Offer to Chelsea: The Ricketts Family has not disclosed the plans for the Premier League outfit as of yet. However, they are interested in investing for success on the pitch along with respecting the tradition of the club.
Offer #3) Sir Martin Broughton and Lord Sebastian Coe
Net Worth: Sir Martin Broughton ($10 million), Lord Sebastian Coe ($50 million)
Profession: Sir Martin Broughton (Businessman), Lord Sebastian Coe (Member of Parliament of the United Kingdom)
Offer to Chelsea: The consortium plans to keep Chelsea away from crises like this again. They are looking to diversify and not hand the key to a single person. The consortium is planning to provide financial stability to the outfit.
Offer #4) Todd Boehly
Net Worth: $6.2 billion
Profession: Part owner of LA Dodgers
Who are the partners in the consortium?
The American businessman is accompanied by Swiss billionaire Hansjorg Wyss, Daniel Finkelstein (former Conservative Government adviser), Barbara Charone (music PR), and Clearlake Capital.
Offer to Chelsea: Todd Boehly has claimed that he can take over the London outfit within two weeks. The consortium has also set its eye on improving the stadium and emphasized youth development.
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