Sale Of Chelsea FC: Another Deadline Set For Final Bids

The New Diplomat
Writer
Furious Lampard Blasts ‘Lazy’ Chelsea Players After Shocking Arsenal’s Defeat

Ad

Ranked: U.S. Crude Oil Imports by Country

Key Takeaways In 2024, 61.7% of America’s crude oil imports were from Canada. Meanwhile, Mexico accounted for 7.1% of crude oil imports. Crude imports make up about 40% of the oil that is refined in America, much of which is heavier crude compared to America’s light oil. For decades, America was a net importer of…

Alleged N85 Billion Nigeria Air fraud: Ex-Minister Sirika Debunks Allegations

By Abiola Olawale The immediate-past Minister of Aviation, Hadi Sirika has spoken on the controversies surrounding the Nigeria Air project, a national carrier initiative that sparked widespread criticism. Speaking during an interview with Channels TV on Wednesday, Sirika dismissed claims of fraud and mismanagement. Sirika, during the interview rejected allegations of fraud, claiming that Nigeria…

Alphabet surges after court rejects DOJ’s call to break up Google in antitrust case

By Obinna Uballa Alphabet shares jumped 6% in premarket trading on Wednesday after a United States court rejected the Department of Justice’s (DOJ) push to break up Google in a high-stakes antitrust case. The DOJ had proposed divesting Google’s Chrome browser and imposing strict restrictions after the company was found last year to hold an…

Ad

Chelsea’s four prospective new owners have an April 11 deadline to submit their final bids to buy the Blues.

The Raine Group, the US merchant bank in charge of the sale, set the deadline to keep Chelsea on course to have new owners by May.

Chelsea’s remaining suitors will have the chance to table improved offers to buy the Stamford Bridge club, with commitments required for at least one billion pounds ($1.3 billion) of future spending.

Chelsea have instructed Raine to seek those future spending commitments in a bid to safeguard the west London club’s future at football’s elite level.

Boston Celtics co-owner Stephen Pagliuca was the final addition to the four-strong shortlist to buy Chelsea on Friday.

The 67-year-old billionaire co-chairman of Bain Capital boasts a strong offering to buy the Blues.

Chicago Cubs owners the Ricketts family, former Liverpool chairman Sir Martin Broughton and LA Dodgers part-owner Todd Boehly are the other bidders still in the race.

Roman Abramovich put Chelsea up for sale on March 2, amid Russia’s continued invasion of Ukraine.

The Russian-Israeli billionaire was then sanctioned by the UK Government on March 10.
The Blues must operate under strict Government licence, with Abramovich unable to profit from Chelsea’s sale.

Downing Street must approve another new licence to authorise Chelsea’s eventual sale, with the money either frozen or distributed to charitable funds to aid victims of the war in Ukraine.

Abramovich has pledged to write off Chelsea’s 1.5 billion pounds debt and the bidding frenzy for the club could see the eventual deal hit three billion pounds.

dpa/NAN.

Ad

X whatsapp