Chelsea facing administration unless Roman Abramovich drops plans to call in £1.5bn debt May 4, 2022 Chelsea owner Roman Abramovich will likely have to drop plans to call in his £1.5bn loan to the club or see it go into administration. Abramovich is reported to have scrapped an apparent previous commitment to write off the debt as part of the sale of the club. The sanctioned Russian oligarch is not allowed [...]
Chelsea sale: Sir Jim Ratcliffe bid ‘rejected out of hand’ by Roman Abramovich’s bankers May 4, 2022 Sir Jim Ratcliffe’s bid for Chelsea has been “rejected out of hand”, according to senior figures at his business the Ineos Group. The British petrochemicals billionaire made an 11th-hour offer for the Premier League club last week which comprised £2.5bn plus a commitment to invest a further £1.75bn. But Ratcliffe has indicated that he is [...]
Chelsea sale: Deal plunged into doubt after U-turn on loan repayment – reports May 3, 2022 Fresh doubt surrounds the proposed sale of Chelsea after it was reported that owner Roman Abramovich wants to change the structure of the deal. Having previously indicated that he was willing to write off more than £1.5bn of debt owed by the club to another of his companies, he is now said to have asked [...]
Sir Jim Ratcliffe makes eleventh-hour £4bn bid for Chelsea Football Club April 29, 2022 British tycoon Sir Jim Ratcliffe has swooped in with a sensational eleventh-hour £4bn bid to buy Chelsea Football Club.
Chelsea price is a steal – English clubs will be worth $10bn soon, says banker selling club April 28, 2022 The banker running the sale of Chelsea FC says the club would be a bargain even if it fetches £2.5bn, a record price for a sports team. Joe Ravitch, co-founder of US bank the Raine Group, said he expected Premier League clubs to be worth several times more very soon. “My guess is that Chelsea [...]
Chelsea sale: Todd Boehly bid wins backing from influential former player Paul Canoville April 26, 2022 Influential former Chelsea player Paul Canoville has thrown his weight behind Todd Boehly’s bid to buy the club. Canoville, who has a suite named after him at Stamford Bridge, has come out in support of the Boehly consortium after holding talks with all three remaining bidders. “This is by far the best fit for Chelsea [...]
Chelsea bidders told they must commit to keeping control of club for 10 years April 25, 2022 The three shortlisted bidders in the sale of Chelsea Football Club have been told they must commit to holding a majority stake for at least 10 years, according to reports. The requirement is set to be a legally binding part of any agreement to purchase the Premier League team from sanctioned owner Roman Abramovich, Sky [...]
Chelsea sale: Remaining consortia asked to clarify plans for Blues’ future April 23, 2022 The three consortia left in the race to become Chelsea’s owner are reportedly being quizzed about long-term plans. Bidders – which include Sir Martin Broughton, LA Dodgers’s Todd Boehly and Boston Celtics’s Steve Pagliuca – were asked to confirm future expenditure, to guarantee long-term financial commitment of investors, Sky News first reported. Investors told the [...]
Lewis Hamilton and Serena Williams bankroll Sir Martin Broughton-led bid for Chelsea April 21, 2022 Formula 1 driver Lewis Hamilton and tennis superstar Serena Williams are helping to bankroll the Sir Martin Broughton-led bid for Chelsea. Hamilton, who has previously said he supported the club’s London rivals Arsenal, and 23-time Grand Slam winner Williams are among the backers of the only British-led consortium in the running, Mark Kleinman first reported [...]
Ed Warner: The higher the price for Chelsea, the sooner their new owners will feel the strain April 21, 2022 Unless the media have been blindsided by a canny investment bank, it seems that there are no sovereign wealth funds or squillionaires left in the running to buy Chelsea. No Musk, Bezos, Chinese tech magnate or gas-rich autocracy. The three remaining bidders, as reported, are all consortia. Let the game theory commence. The selling bank, [...]