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 [...]
Lord Coe enters race to buy Chelsea from Abramovich and eyes seat on the board March 17, 2022 World Athletics chief and long-time Chelsea fan Lord Coe has joined Sir Martin Broughton’s bid to buy the club. London 2012 boss Coe, 65, would take a seat on the club’s board if the consortium is successful, according to reports. Best bids are due in tomorrow with US bank the Raine Group, which is selling [...]
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, [...]
Chelsea keep going but controversy follows club onto the pitch in ‘sportswashing derby’ March 13, 2022 After a week in which Chelsea’s future was plunged into grave doubt by the sanctioning of Roman Abramovich, today’s visit from Newcastle was about keeping going. Keeping going in the Premier League, where their hold on third place suddenly looked less secure; keeping going as a business, if technical advisor Petr Cech’s pre-match comments which [...]
Chelsea FC: Candy wants a fan representative on board March 13, 2022 Potential Chelsea FC buyer Nick Candy wants a ‘fan representative’ on a future board and will offer short-term funding to secure the club. The property developer is one of a series of interested parties looking to buy the London club, who’s sanctioned owner, Romain Abramovich, put up for sale. Candy is a childhood Chelsea supporter [...]
Chelsea in race to find new backer or risk administration as Abramovich sanctions bite March 10, 2022 Chelsea face a race to find a new benefactor after Roman Abramovich was sanctioned by the UK government – or run the risk of administration. The sanctions prevent any new money going into the Premier League club, effectively forcing Abramovich to offload Chelsea or watch it run out of money. The club have consistently spent [...]