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Chelsea FC sale: Bidders makes Stamford Bridge decision ahead of takeover

Bidders makes Stamford Bridge decision ahead of takeover

 

An investor associated with one of the bidders said on Saturday that Raine Group, which is handling the auction on behalf of Chelsea owner Roman Abramovich, had in recent days been pressing them for further details of their vision for running the Premier League club.

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The investor said that Raine had submitted several requests for new information about the duration of the funding being provided to buy Chelsea, and about how key commitments relating to investment and other areas of its administration would be delivered.

All three of the consortia have been told to provide binding guarantees of at least £1bn of investment in the club’s infrastructure, its academy, and women’s team.

“Raine and the club’s board seem to be focused on ensuring they pick the bidder that will be the best steward of Chelsea over the long term,” the consortium member added.

 

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