Chelsea Deadline Closing In Fast

March 16, 2022 by

Since parties interested in acquiring soccer club Chelsea have now been given until Friday to finalise their takeover proposals, several groups have begun to do due diligence ahead of the deadline.

According to an announcement by the Raine Group, being the US bank mandated with overseeing the sale, the group is eager to finalise the sale as soon as possible so as to avoid the risk of financial trouble for the club. The club is now officially in a state of animation following recent government sanctions imposed on current owner Roman Abramovich.

The current understanding is that as many as 200 groups and parties have expressed an interest in acquiring the club. The haste in finalising a deal stems from the fact that the club is currently operating under a special licence and would want to avoid any unnecessary delays.

Those confirmed to have shown an interest in acquiring Chelsea include New York Jets owner Woody Johnson, the Rickets family, who own the Chicago Cubs, and the consortium made up of Hansjorg Wyss, Jonathan Goldstein, and Todd Boehly.

Also reportedly planning to table a bid is British real estate tycoon Nick Candy, who has reportedly been approached by several investors interested in forming a consortium.

Chelsea, meanwhile, are currently pushing the UK government to allow them to sell tickets. Under the terms of their restricted operating licence, they are prevented from doing so.

Meetings in search of a resolution are taking place on a daily basis, said the club this week.

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