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Chelsea bidders invited to final showdown at Stamford Bridge in last pitch before new club owner is announced


CHELSEA’S three remaining potential owners have been asked to give a “final pitch” for control of the club.

US bankers The Raine Group, who are running the contest on behalf of sanctioned Roman Abramovich, contacted the three consortiums to ask for a last showdown ahead of a final decision on the “preferred bidder”.

The last three bidders for Chelsea have been invited to make final pitches this weekCredit: Reuters

Lewis Hamilton and Serena Williams were announced last week as significant backers of the group led by former Liverpool chairman and BA executive Sir Martin Broughton.

That bid also includes current Crystal Palace directors Josh Harris and Dave Blitzer, who would have to give up their stakes in the Selhurst Park outfit if the bid is approved.

The other two bids are headed by US sports franchise leaders, LA Dodgers’ part-owner Todd Boehly and Steven Pagluica, owner of the Boston Celtics and Atalanta in Serie A.

All three have been invited to final presentations ahead of a proposed D-Day decision by the end of the week.

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Raine are understood to be asking all three about their commitment to rebuilding Stamford Bridge.

They will also be quizzed on funding for Chelsea team improvements in both the short and medium-term.

Despite his sanctioned status, Abramovich will still give his final assent to the chosen winner, before the Premier League can begin its owners and directors test.

That is expected to take a minimum of 10 days to be completed, with the Government then also having to approve the winning bid.

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It means a transfer of ownership may not take place until the end of the season.

However, the Government is ready to extend its operating licence beyond the current end date of May 31 if required to ensure a sale does go through.


Source: Soccer - thesun.co.uk


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