Three bids submitted for Chelsea as deadline passes - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Three bids have been made to purchase English Premier League club Chelsea by groups led by British property developer Nick Candy, Chicago Cubs owners the Ricketts family and the pairing of Martin Broughton and Sebastian Coe.

Premier League Chelsea were initially put up for sale by owner Roman Abramovich following Russia's invasion of Ukraine before sanctions were imposed on the oligarch by the British government, effectively giving it control of the club.Premier League Chelsea were initially put up for sale by owner Roman Abramovich following Russia's invasion of Ukraine before sanctions were imposed on the oligarch by the British government, effectively giving it control of the club.

It added that the consortium also includes “significant investors from Silicon Valley and tech billionaires that own other shareholdings in sports teams in the USA.” “Football clubs are vitally important community and cultural assets, and this is a once-in-a-lifetime opportunity to give football back to the fans and put them at the heart of the operations and strategy of a leading global football club,” Candy told Reuters in a statement.

“Surprisingly enough, despite the size of the economy, there has never been investment into Premier League football clubs made by South Korean capital so far. “Now it is time for a change and we are ready to start the new chapter with Chelsea FC.” “I am assembling a team that will ensure the future success and financial stability of a club I’ve supported for over 60 years,” Broughton said in a statement.

Bayrak blamed AB Group’s failure to meet the deadline due to a misunderstanding with his lawyers over the auction procedure. “I am very upset,” he told Reuters.

 

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