Multiple bids submitted to buy Premier League club Chelsea

As Chelsea look for new owners, many bids have been submitted for the West London Club. The Ricketts family, who own Major League Baseball team the Chicago Cubs, a consortium featuring Lord Coe and another group led by British property investor Nick Candy have all submitted offers to buy Club.

A deadline for bids was set for 21:00 GMT on Friday after the Premier League club had been put up for sale by Russian owner Roman Abramovich.

Nick Candy, a Chelsea fan said that he had secured additional investment from South Korea and that his bid is “over £2bn”.

Although the official deadline to purchase the west London Premier League club was 21:00 GMT on Friday, some final bids are likely to be submitted into the weekend.

There are still more than 20 interested parties, but the number of confirmed bids is likely to be around 10- 15.

Abramovich gained ownership of Chelsea in 2003 for £140m but claimed in his statement announcing his intention to sell that his ownership had “never been about business nor money, but about pure passion for the game and club”.

He values the club at £3bn and has loaned the club £1.5bn – but said he will not ask for any loans to be repaid. Abramovich has also said proceeds of the sale would be donated to war victims.

The funds from the sale could go to a charitable organisation or into a frozen account.

Who are the potential bidders for Chelsea?
A consortium led by ex-Liverpool chairman Sir Martin Broughton, and joined by London 2012 chief Lord Coe.
The Ricketts family, who own Major League Baseball team the Chicago Cubs, are leading a bid from a group of investors.

Swiss billionaire Hansjorg Wyss and US businessman Todd Boehly have formed part of a consortium to try to take over Chelsea. Now joined by American PR executive Barbara Charone, British businessman Jonathan Goldstein and British journalist Daniel Finkelstein.

London-based investment firm Aethel Partners, headed by Portuguese entrepreneur Ricardo Silva.

British multi-millionaire businessman Nick Candy, supported by former Chelsea striker Gianluca Vialli, who co-owns Tifosy, a mergers and acquisitions company for the football sector and joined by Hana Financial Group and C&P Sports Group.

Other parties reported to be interested include US billionaire and Philadelphia 76ers owner Josh Harris who has a stake in Crystal Palace, New York Jets owner Woody Johnson and a Saudi Arabia-based consortium.

The funds from the sale could go to a charitable organisation or into a frozen account.

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