See Chelsea’s Strongest Bidders That May Buy The Club From Roman Abramovich as They Make Their Last Minutes Bargains
See Chelsea’s Strongest Bidders That May Buy The Club From Roman Abramovich as They Make Their Last Minutes Bargains
There are three strongest bidders identified in the race to buy Chelsea Club from the sanctioned current owner, Roman Abramovich.
These bidders have begun their final pitches giving reasons as to why they should own Stamford Bridge.
See Chelsea’s Strongest Bidders That May Buy The Club From Roman Abramovich as They Make Their Last Minutes Bargains
One of the favoured bidders, Todd Boehly has reportedly met with the Chelsea board at Stamford Bridge on Tuesday.
The other two consortiums are due to make their final presentations offer on Wednesday.
A preferred bidder for Chelsea could then be selected by the end of the week
The three remaining bidders for Chelsea have begun their final pitches, with the preferred bidder expected to be chosen this week.
Still in the running to replace Roman Abramovich are a consortium led by Sir Martin Broughton, the former Liverpool chairman, and another headed by LA Dodgers part-owner Todd Boehly.
The third group includes Steve Pagliuca, who co-owns the Boston Celtics, and Toronto Maple Leafs backer Larry Tanenbaum.
Boehly’s consortium, it is claimed, met the Chelsea board at Stamford Bridge on Tuesday, with the other two bidders due to make their final presentations on Wednesday.
Because of sanctions imposed on Abramovich, any deal would have to be agreed by the UK Government.
There is hope Chelsea and the Raine Group, the New York bank overseeing the sale, will announce their preferred bidder by the end of the week.
Chelsea, the current holders of the Champions League, was put up for sale by present owner Roman Abramovich in early March before he was sanctioned by the British government for his ties to Russia president Vladimir Putin.
Last week, the £2.5billion bid fronted by Broughton was revealed to have £10million contributions each from Sir Lewis Hamilton and Serena Williams.
The sporting greats appear unlikely investors in a Premier League club, but Williams already has a stake in Angel City FC, the LA-based franchise that play in the National Women’s Soccer League.
The pair are also good friends, with Williams having attended several Grand Prix as Hamilton’s guest and the F1 driver spending much of his spare time on the west coast of America.
LA Dodgers part-owner Todd Boehly is involved in the other bid to buy the London club
Raine Group, the bank overseeing the Chelsea sale, could recommend their preferred bidder by the end of the week to the government
Broughton would become chairman of Chelsea if his bid is successful, but the bulk of the funding is being provided by the owners of the Philadelphia 76ers basketball team, Josh Harris and David Blitzer, who would have to sell their shares in Crystal Palace should they buy another club.
Pagliuca, the owner of the NBA team Boston Celtics, is leading a rival bid to buy Chelsea and also owns a stake in the Italian Serie A team, Atalanta.
He has partnered up with Tanenbaum, who backs the Toronto Maple Leafs, and has committed to ‘lifetime ownership’ of Chelsea if their joint bid to buy the club is successful.
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