skip_previous play_arrow skip_next
00:00 00:00
playlist_play chevron_left
  • cover play_arrow

    Atlantic 195 Atlantic 195


Ricketts led consortium withdraws bid to buy Chelsea

todayApril 15, 2022 11

share close

Ricketts-led consortium withdraws bid to buy Chelsea

In a statement they say: “We have great admiration for Chelsea and its fans and we wish the new owners well.”

The Ricketts-led consortium has withdrawn its bid to buy Chelsea.

The Chicago Cubs owners and their partners opted not to submit a final bid for the Blues, with the consortium members understood to be unable to agree the final composition of their offer.

Cubs owners Tom and Laura Ricketts had partnered with US billionaires Ken Griffin and Dan Gilbert on a cash-only bid to buy the Blues.

Final bids were due to be submitted to New York merchant bank the Raine Group on Thursday, but the Ricketts-led group has now withdrawn its candidacy.

“The Ricketts-Griffin-Gilbert group has decided, after careful consideration, not to submit a final bid for Chelsea FC,”read a Ricketts family statement.

“In the process of finalising the proposal, it became increasingly clear that certain issues could not be addressed given the unusual dynamics around the sales process.

“We have great admiration for Chelsea and its fans and we wish the new owners well.”

The Ricketts’ bid for Chelsea had come under fire from Blues supporters, over family patriarch Joe Ricketts’ historic emails from 2019.

Supporters had staged a small demonstration at Stamford Bridge, with the Ricketts family working hard to prove an inclusive and diverse bid to buy the club.

Those objections have not played any part in the Ricketts withdrawing their bid for Chelsea however, the PA news agency understands.

Russian-Israeli billionaire Roman Abramovich put Chelsea up for sale on March 2, amid Russia’s continued invasion of Ukraine.

The 55-year-old was then sanctioned by the UK Government on March 10, with Downing Street claiming to have proven his links to Vladimir Putin.

Chelsea have been granted a special Government licence to continue operating, though under strict terms.

Abramovich cannot profit from Chelsea’s sale, but had already vowed to write off the club’s £1.5billion debt.

The Ricketts’ withdrawal leaves LA Dodgers part-owner Todd Boehly, Sir Martin Broughton and Boston Celtics co-owner Steve Pagliuca as the remaining Chelsea bidders.

Published: by Radio NewsHub

Written by: Holiday Radio News Team

Rate it

Previous post


Dozens of arrests made as climate activists target oil terminals

They have targetted sites in Staffordshire and Essex Dozens of arrests have been made after climate protesters targeted three oil terminals. The activists say they arrived in the early hours of Friday at the Kingsbury terminal near Tamworth, Staffordshire, as well as the Navigator Oil terminal in Thurrock and Grays oil terminal, both in Essex. Pictures from Just Stop Oil, a group of climate activists affiliated with Extinction Rebellion, show […]

todayApril 15, 2022 13