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Chelsea Sale
22/03/25
15:46
sokapro-Chelsea Sale

Bids have started being shortlisted for the auction while some have been thrown out of the buy out.

The bids being headed by Todd Boehly and Sir Martin Broughton have made it to the shortlist of buying Chelsea while Saudi Media Group and New York Jets owner Woody Johnson have reportedly missed out. The shortlist is being finalised by Raine Group and Chicago Cubs owners the Ricketts family, are confident that they will make it to the list. This means that the Ricketts family, former Liverpool chairman Sir Martin Broughton and LA Dodgers part-owner Tod Boehly now lead the race to take charge at Stamford Bridge. New York merchant bank the Raine Group spent Thursday informing unsuccessful bidders that they were out of the auction as they dig into further details of remaining submissions once the shortlist is rubber-stamped. 


The United States business mogul, Boehly has his bid being backed up by British business leader Jonathan Goldstein and Swiss billionaire Hansjorg Wyss. This is a consortium that can very well be the next owners of the Blues. Sports business and politics heavyweight Lord Sebastian Coe is part of the bid being headed by the former British airways chairman, Broughton and he comes in handy adding genuine clout to the consortium. The Broughton consortium also has the backing of Wall Street investment banker Michael Klein
 

Ken Griffin, a United States hedge fund supremo brings in the financial muscles needed in the Ricketts family consortium who believe that their past successful experiences in building stadiums will give them an edge over the others as one of the key plans at Chelsea is to upgrade the Stamford Bridge to a more world class stadium. 

The Blues are now operating under strict United Kingdom government's licence with former owner Roman Abramovich unable to profit from the sale of the club. Abramovich has said that he will write off the £1.5billion debt owed to him by the club and the sale price could hit £3billion. The money acquired from the sale will be distributed to charitable funds to aid victims of the war in Ukraine.