Interested Chelsea buyers told they can increase their original offers

Shortlisted Chelsea buyers told they can INCREASE their original offers – with a deadline set of April 11 for any new bids – as the club looks set to be sold for near the £3bn that Roman Abramovich wants

  •  Interested consortiums wanted clarity over whether they could up their offers
  •  Parties had been under the impression that their first bids would be final
  • They have now been told that they can increase their original offers
  • Chelsea could be sold for nearer the £3billion that Roman Abramovich wanted 
  • Merchant bank Raine have set a deadline of April 11 for any second bids

Shortlisted parties involved in the race to buy Chelsea have received confirmation that they can increase their offers for the crisis club.

Sportsmail revealed on Saturday morning that consortiums still in the race to take over at Stamford Bridge were seeking clarity over whether they could up their original offers for the club and Raine – the merchant bank advising Chelsea with the sale – have confirmed to the groups that they are permitted to make new and improved bids.

Parties had been under the impression that their first bids for Chelsea would been treated as final as the club and Government prioritised a quick sale owing to the financial difficulties the Blues find themselves following the restrictions imposed upon them in the wake of current owner Roman Abramovich’s sanctioning.

It is understood at least two of the known four parties who have been chosen as preferred bidders are ready to increase their offers – news that could turn process into an auction with Chelsea now set to be sold for nearer the £3billion Abramovich originally wanted.

Raine have set a deadline of April 11 for the second bids.

The New York-based bank have also informed groups that they can meet Chelsea’s key personnel – including head coach Thomas Tuchel and key director Marina Granovskaia – and tour the club’s facilities in the coming days as part of their due diligence process.

A deadline of April 11 has been set for interested parties to submit a second bid for Chelsea

Chelsea could sell the club for closer to the £3billion mark that Roman Abramovich (right) originally wished for 

Raine, Chelsea and the Government want a sale concluded by the end of next month.

Once an overall preferred bidder is selected, the Government must give the all clear before the winners can take the Premier League owners and directors test.

That fact there is now around five weeks until the anticipated sale provides more time for shortlisted parties to clear up any potential snags.

The April 11 deadline gives Joshua Harris (left) and David Blitzer more time to clear up any potential snags

Boston Celtics owner Stephen Pagliuca’s bid to buy Chelsea is one of four to be shortlisted and he could have time to divest or dilute his shareholding in Atalanta

The bid from the Ricketts family has also been shortlisted by Chelsea (Tom Ricketts pictured)

LA Dodgers part-owner Todd Boehly’s consortium is also one of those shortlisted by Raine

For instance, Josh Harris and David Blitzter, who are understood to be providing the bulk of the funding for the bid fronted by Sir Martin Broughton and Lord Coe, and Boston Celtics owner Stephen Pagliuca now have just over a month to divest or dilute their shares in rival clubs according to Premier League and UEFA ownership rules.

Harris and Blitzer own a stake in Crystal Palace, while Pagliuca owns a shareholding in Atalanta.

A bid led by US tycoon Todd Boehly and another from the Ricketts Family – who own the Chicago Cubs – are also among the shortlisted candidates. 




Share this article

Source: Read Full Article