The latest entrants in the race to acquire Chelsea are Chicago Cubs owners and Citadel billionaire Ken Griffin who have tabled a joint bid. Mr Griffin and the Ricketts family who have been long-term Chelsea admirers have have formed an investment group that will be used in the acquisition of Chelsea Football Club if their bid goes through successfully. This union presents a formidable competitor for rival bidders as the 19 years reign of Roman Abramovich comes to an end.
The Ricketts family success with the Chicago Cubs and the financial power of their consortium will make an ideal recipe for the success of the football club. There is an ongoing argument that if the Chelsea Football Club is to complete sustainably with European rivals, then there is need for the extensive expansion of the Stamford Bridge. The Ricketts family and Ken Griffin consortium comes in handy with previous successful works of building stadiums as Ricketts family oversaw the $1billion renovation of Wrigley Field which is Chicago Cubs home stadium. Mr Griffin is amongst the most successful executives in the history of wall street and thus brings an enormous financial clout to the bid.
Sources at Chelsea now claim that the Rickett-Griffin bid is now “the most complete bid on the table”. Meanwhile, other bidders are also considering joining forces as the race to acquire Chelsea Football Club intensifies. It is reported that other bidders are considering to work with life-long Chelsea fan Nick Candy due to his his good record of developing property in Central London. Candy has promised to give Chelsea fans a seat at the board if his bid sails through successfully.
In other Cheslea news, the government of the United Kingdom have suggested that Chelsea could start selling tickets for matches via a third party organisation to get passed the sanctions put on the current owner Abramovich. Currently, the club cannot sell any tickets to their fans nor release away tickets to visiting fans for games that are to be played at the Stamford Bridge.