Roman Abramovich’s sale announcement has sparked a takeover race involving several big players
Chelsea owner Roman Abramovich stunned the football world when putting the Premier League giants up for sale before he was slapped with sanctions by the UK government.
A deal is still possible if the British authorities give it the green light and Abramovich doesn’t benefit in any way, with some reports claiming there are as many as 200 interested parties as the bidding deadline imposed by the Raine Group (the US bank tasked with handling the sale) ticks closer to closing at 9pm UK time on Friday.
That figure of 200 potential buyers seems somewhat implausible though, and while there may well be bids concealed behind the scenes, we look at some of the known frontrunners possibly positioned to assume control at the reigning world and European champions.
Saudi Arabia’s biggest media company boasts annual revenues of $1 billion, and will probably require backing from elsewhere in the kingdom, while owned by Chelsea fan Mohamed Alkhereiji who once worked as an analyst at Deutsche Bank.
The SMG claims not to benefit from any state investment, and while the SMG is not owned by the Saudi government, royal family member Mohammed bin Khalid Al Saud is said to be helping find funding.
Khalid Al Saud is chair of the state-owned Saudi Telecom Company (STC), which the Public Investment Fund (PIF) with a majority ownership of Newcastle United has shares in, though, which could also raise conflicts of interest concerns.
Such matters could also result in a time delay that will work against the SMG, as it took 17 weeks for the Premier League to approve the PIF’s takeover of Newcastle in November.
#Chelsea (1/2): I‘m told from multiple sources that the Swiss-American consortium is not concerned about the bid from a Saudi consortium. The UK government still sees Swiss billionaire Hansjörg Wyss, U.S. businessman Todd Boehly and real estate tycoon Jonathan Goldstein pic.twitter.com/a1ZUOqw6Ux
#Chelsea (2/2): as frontrunners. Their bid is as previously reported in the region of 2,5 billion pounds. They don‘t expect a deal to be done this week. Motto seems to be „let‘s sit back and wait“. @Blickch#Abramovich
It is believed that the trio have secured at least £2.5 billion ($3.3 billion) for their bid, which has been endorsed by American PR executive and music industry heavyweight Barbara Charone, plus British journalist Daniel Finkelstein, who are both Chelsea fans.
His £2.5 billion ($3.3 billion) proposal is endorsed by Chelsea legend Gianluca Vialli, and though Candy needs to form a consortium to raise all the funds, he has reportedly refused to join Wyss, Boehly and Goldstein given that Goldstein supports rivals Spurs.
Nick Candy, who is set to make a bid for Chelsea before next Friday's deadline, in the stands at Stamford Bridge this afternoon. pic.twitter.com/TIF4ZAKwfY
“There are no talks underway with Nick Candy and the Todd Boehly and Jonathan Goldstein consortium, not least because Mr. Candy does not want a lifelong Spurs fan as part of the future ownership of Chelsea Football Club,”said a spokesperson to the Press Association.
A spokesperson for the Ricketts family has confirmed to @pasport as per @MarkKleinmanSky that the Chicago Cubs owners will submit a bid to buy #Chelsea#CFC this Friday
Indeed, since taking over the Cubs in 2009 for $845 million, the Ricketts family have overseen the MLB outfit quadrupling in value and also ended their torturous record 108-year wait for a third World Series pennant.
The Ricketts aren’t known to be big spenders, however, but an alliance with hedge fund manager and Republican Party donor Ken Griffin worth a reported $27 billion could help land the big signings required to deliver success in elite football.
Their bid will be made before Friday, however the Daily Mail reports that Chelsea’s Muslim players such as Antonio Rudiger, N’Golo Kante, Malang Sarr and Hakim Ziyech, would be made uncomfortable by the Ricketts family taking over considering leaked emails where their head Joe described Muslims as his “enemy”.
The heir of pharmaceutical fortune Johnson & Johnson has demonstrated his sports management nous in how his New York Jets have grown in European popularity with regular-season games often played at Wembley, and any takeover from the 74-year-old will see a strong connection built between his NFL franchise and Chelsea.
18 Years Ago Today: Woody Johnson buys New York Jets for $635 million. Forbes values team today at $2.75 billion. pic.twitter.com/EqA6k8aG21
Seb Coe – IOC member, World Athletics president and Chelsea fan – now part of a group trying to buy Chelsea led by ex-Liverpool chairman Martin Broughton pic.twitter.com/GT7zjjnX3j
“I am certain that Sir Martin is the right man to lead Chelsea Football Club into its next chapter,” said Coe when announcing their teaming-up.
“He has an exceptional track record in British business, as well as unrivaled experience in shepherding Liverpool out of a very difficult situation,” Coe continued, guaranteeing that Broughton “has the vision, acumen and financial backing to ensure our club’s future success, keeping Chelsea Football Club 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. I know that this bid is for the millions of Chelsea fans around the world. We love our club and will always put the fans first,” Coe concluded.
At present, it is unknown how much Broughton and Coe are putting forward in their bid.
https://ift.tt/DM2bZrd 18, 2022 at 10:30PM
from RT – Daily news
