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Two hundred investors interested in £3bn Chelsea takeover with key lists of demands that must be met revealed


THERE could be as many as 200 investors interested in buying Chelsea, according to reports.

Sources have told Sportsmail there has been huge interest in taking the reins at the London-based Premier League giants.

Roman Abramovich put Chelsea up for sale at the start of March

Suitors are reported to have until this Friday’s deadline to submit a ‘detailed background report’ on all of their backers.

And in the new climate of greater scrutiny surrounding ownership of football clubs, interested parties are being asked to outline their ‘motives’ before they enter the bidding process.

American investment banking giant Raine are representing Chelsea on the sale of the club.

Sportsmail reports that Blues director Marina Granovskaia is also offering interested groups guidance during the process.

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Latest Cheltenham offers

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They add that bidders have been given a list of details they must submit with a ‘cash bid of close to £3bn’.

Their submissions will be made available to Raine, the Premier League and the government.

Along with a proof of funds letter, suitors must provide a full list of advisers, business plan and timescale for completion.

The Sportsmail report says: “Buyers are also advised that a cash offer – and being the highest bidder – will be crucial.

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“However, other well-placed sources insist that any consortium or individual’s ability to preserve employment at all levels at the club and fulfil their existing financial obligations will also be a key factor when deciding which bid is successful.”

Chelsea’s Russian owner Roman Abramovich put the club up for sale at the start of March in the wake of his country’s invasion of Ukraine.

The sale has been complicated by the government’s decision to place sanctions on Abramovich which stop him doing business in the UK.

High-profile names linked with a Chelsea takeover include British property tycoon Nick Candy, and Turkish billionaire Muhsin Bayrak.


Source: Soccer - thesun.co.uk


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