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London-based global investment firm Centricus confirms bid to buy Chelsea and reveals four areas it will fund


GLOBAL investment firm Centricus has confirmed it made an offer to buy Chelsea on Friday.

And the group has also revealed four key areas it intends to fund for the club should the bid be successful.

Global investment firm Centricus made a bid for Chelsea on FridayCredit: Reuters
The four men behind the bid, including Garth Ritchie, are Chelsea season ticket holdersCredit: Getty – Contributor

The London-based firm is headed by Nizar Al-Bassam and Garth Ritchie.

They have also teamed up with Cheyne Capital’s Jonathan Lourie and Talis Capital’s Bob Finch.

And all FOUR are season ticket holders at Stamford Bridge.

Al-Bassam told The Times: “There’s a clock ticking because the club is bleeding money at a faster rate than it should be while there’s uncertainty there.

“I’ve had the same seats in the Tambling suite and the same seats in the West Stand for ten years.

“I’m worried for the staff there when I see this turmoil. We see the same people hosting us when we walk in.

“They’re amazing to us. We see the same people in the stands looking after us and I’m feeling for them.

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“If you look at the proposal we put forward, keeping it an entirely British finance proposal is core to that.”

CEO Ritchie, who is a long-standing season-ticket holder at Stamford Bridge, said: “The people supporting us have deep pockets of capital.

“Us being fans, we want to win and we need to invest and if we win the brand continues to grow back.”

Centricus oversees global assets worth a staggering £40BILLION.

And they are the latest group to confirm their offer to replace Roman Abramovich at the head of Chelsea.

LA Dodgers part-owner Todd Boehly, Sir Martin Broughton and Lord Sebastian Coe, Chicago Cubs owners the Ricketts family and British property tycoon Nick Candy all submitted their bids in time.

Saudi Media Group also met the Raine Group’s Friday deadline, while former Chelsea captain John Terry has backed the fan-led True Blues consortium.

As for Centricus, they have vowed to pour money into the club, allowing for normal day-to-day operations while also building for the future.

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A statement confirmed: “Centricus sees this as an opportunity to make a long-term investment in Chelsea.

“Our financing for the deal includes funding for the completion of the transaction and funding for [1] working capital required for the day-to-day operations of the CFC Group.

“[2] Funds required to maintain an elite global brand.

“[3] Investment in grassroots and in-community football initiatives such as the Chelsea Academy, the Women’s Team, the Youth Development Program and the Chelsea Foundation.

“[4] Strategic real estate investment.

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“The intention is to maintain and support existing management on both the business and sporting operations of the CFC Group. We intend to maintain the existing strategy direction.

“If our offer is successful, Centric would be focused on ensuring that the CFC Group continues to achieve sporting excellence, high level of community support, transparent governance, financial stability, fan engagement and exemplary custodianship.”

Roman Abramovich has won the lot at Chelsea


Source: Soccer - thesun.co.uk


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