World’s richest football clubs: Manchester City top Deloitte Money League for the first time March 21, 2022 Manchester City have been named the world’s richest football club in the latest edition of Deloitte’s Football Money League. City topped the list, which is based on revenue, for the first time after increasing their income to €645m (£571m) in 2020-21 – despite the effects of the pandemic. The Premier League champions climbed five places, [...]
Abramovich used football to wash himself clean, now Chelsea must tidy itself up March 21, 2022 The cynicism with which Roman Abramovich entangled good things into his ownership of Chelsea puts the real gains made under his tenure at risk. As a Chelsea fan, he was a person I felt some pride in. He invested in the club, and helped it win. He also created generational role models and changed the [...]
Chelsea takeover battle: Broughton and Coe gain favour within government March 19, 2022 Sir Martin Broughton and Lord Coe’s takeover bid for Chelsea has received a warm welcome from within the government, it has been reported. Broughton and Coe are heading a consortium endeavouring to buy Chelsea after sanction-hit owner Roman Abramovich was forced to slash ties with the club. Treasury officials are to review the preferred bidder [...]
Government puts ball in Chelsea’s court: sellers asked to nominate buyer and home for proceeds March 17, 2022 The government is taking a hands-off approach to the sale of Chelsea as the Premier League club’s extraordinary auction enters its final few hours. Despite freezing Roman Abramovich’s assets and only allowing the club to operate within the parameters of a strict licence, the government has indicated that it will not get involved in assessing [...]
Chicago Cubs owners the Ricketts family confirm bid for Chelsea with hedge fund boss Ken Griffin March 16, 2022 The owners of Major League Baseball’s Chicago Cubs, the Ricketts family, have confirmed they plan to bid for Chelsea Football Club. The Ricketts family have formed a consortium with billionaire hedge fund manager Ken Griffin to make an offer this week, Sky News reported. “The Ricketts Family, owners of the Chicago Cubs, can confirm they [...]
Chelsea: Club face off-field shake-up once Abramovich era ends March 15, 2022 Change is in the air at Stamford Bridge, where a new owner is likely to be installed before the end of the season after Roman Abramovich was forced to put Chelsea up for sale. US bank the Raine Group has told bidders to register their best offers by Friday, with interest reported from suitors in [...]
Chelsea ‘remove’ request for behind closed doors FA Cup tie March 15, 2022 Sanction-governed Premier League club Chelsea have ‘removed’ their request to have Saturday’s FA Cup quarter-final match against Middlesbrough played behind closed doors, according to an FA spokesperson. In a statement, the FA said: “After constructive talks between the FA and Chelsea, the club has agreed to remove their request for the FA Cup quarter-final tie [...]
FA to consider Chelsea appeal to play Middlesbrough cup tie behind closed doors March 15, 2022 The Football Association has said it will consider Chelsea’s request for Saturday’s FA Cup tie at Middlesbrough to be played behind closed doors. Chelsea appealed to the FA after being denied permission to sell further tickets to its travelling supporters under the terms of its special licence from the government. The Premier League club said [...]
Houston Rockets owner latest to weigh Chelsea FC bid amid sale March 14, 2022 The owner of NBA team Houston Rockets, Tilman Fertitta, is said to have expressed interest in purchasing Chelsea Football Club. Fertitta, whose wealth is estimated to be north of £4.5bn, is among a group of potential buyers who have been given access to a data room relating to the sale of the Stamford Bridge club, [...]
Saudi Media Group makes £2.7bn bid for Chelsea March 14, 2022 The biggest media group in the Middle East Saudi Media Group has made a £2.7bn offer to scoop up Chelsea as the football club races to find a new benefactor following Roman Abramovich’s sanction by the UK government. The sanctions block any new money going into the Premier League club, effectively forcing Abramovich to offload Chelsea [...]