Three bids submitted to Chelsea by the deadline – SABC News

Three offers have been made for the English Premier League club Chelsea of groups led by British real estate developer Nick Candy, owners of the Chicago Cubs Ricketts family and the pairing of Martin Broughton and Sebastian Coe.

Premier League Chelsea were initially put up for sale by the owner Roman Abramovich following the Russian invasion of Ukraine before sanctions were imposed on the oligarch by the British government, which effectively gave him control of the company.

Raine Group, a US bank, has overseen the sale process since before the Russian billionaire was sentenced to sanctions and set a deadline of 2100 GMT on Friday to submit bids, a deadline that three bids have officially passed so far.

South Korean companies Hana Financial Group and C&P Sports Limited have joined forces with Candy to bid £ 2bn ($ 2.64bn) for Chelsea, Candy said in a statement on Friday.

It added that the group also included “significant Silicon Valley investors and tech billionaires who own other shares in U.S. sports teams.” “Football clubs are a very important community and cultural asset and this is a once in a lifetime opportunity to give football back to the fans and put them at the core of the activities and policies of a leading international football club,” said Candy. said Reuters in a statement.

“I believe that Chelsea has all the basics to become the most valuable and respected sports club in the world and a force for the better in everything it does.

Catalina Kim, CEO of C&P Sports, had previously confirmed to Reuters that she and Hana were considering an offer. “We are preparing our offer for Chelsea FC,” the statement said.

“What is surprising, despite the size of the economy, has never been an investment in (English) Premier League football clubs from the South Korean capital so far. “Now is the time for change and we are ready to start a new chapter with Chelsea FC.

The owners of the Chicago Cubs, the Ricketts family, confirmed to Reuters that they had also made an offer for Chelsea, in collaboration with Ken Griffin, the founder of Citadel.

Former British Airways chairman Broughton has teamed up with the president of World Athletics Coe to become the third party to make an offer late on Friday.

“I am putting together a team that will ensure the future success and financial stability of a club that I have supported for over 60 years,” Broughton said in a statement.

“We will ensure a quick purchase and a smooth transition, with funds available for an immediate takeover of the company and immediate investment in the team, facilities and business opportunities. “I think I’m the right man to manage Chelsea when we start this new chapter for the club.”

More bidders are expected to be confirmed in the coming days, as a source close to the deal told Reuters that Swiss billionaire Hansjoerg Wyss, who has been in a relationship with Todd Boehly, co-owner of LA Dodgers, British businessman Jonathan Goldstein and fellow Conservatives Daniel Finkelstein, has also submitted an offer.


Turkish businessman Muhsin Bayrak, who had previously expressed interest in the company, said late Friday that his company AB Group Holding had not submitted a bid for Raine Bank.

Bayrak blamed AB Group for failing to meet the deadline due to a misunderstanding with its lawyers due to the auction process. “I am very upset,” he told Reuters.

According to an email seen by Reuters, AB Group’s lawyers contacted the UK Office for Digital, Cultural and Sports using a general email address to inquire, rather than submitting a bid to the US Investment Bank.

Hana Financial Group is a South Korean investment bank and financial services company headquartered in Seoul, Korea.

The team is also a title sponsor of the Korean Football League and the national football team.

C&P Sports Limited is a leading sports consulting company based in London and Seoul.

C&P Sports has been working on deals with several big clubs over the last 10 years, such as Kumhos Tires with Tottenham Hotspur, Nexen Tire with Manchester City and Hyundai Motors with Atletico Madrid.

Candy, a longtime Chelsea fan, had recruited former Blues player and manager Gianluca Vialli when he prepared his offer.

“I’ve met Nick Candy several times in the last few weeks and I fully support his vision for the future,” said Italian Vialli in a statement after it was announced that the company he founded, Tifosy, will act as chief consultant for the year.

Three bids submitted to Chelsea by the deadline – SABC News

Source link Three bids submitted to Chelsea by the deadline – SABC News

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