• Sun. Aug 14th, 2022

Chelsea takeover: Shortlisted buyers asked to submit a new bid before April 11 deadline.

All shortlisted bidders have apparently been given a deadline and requested to improve their original proposals before April 11.

The consortiums of Todd Boehly, Sir Martin Broughton, the Ricketts family, and Stephen Pagliuca have all been shortlisted and will now proceed to the next level.

As part of their bids to buy Chelsea, the four shortlisted bidders have been told they can enhance their original offer and must guarantee at least £1 billion in future investment in the club.

Raine Group, based in New York, has issued a statement through a spokesman for the first time since the shortlist was disclosed.

“Our commission is connected to both revenues and the money provided to create and maintain the club for its future success,” he said of the rumored £30 million commission charge they will receive for managing the sale.

The spokesperson continued, “The process is progressing forward as we expected and will accelerate from here, with vigorous bidding as we seek an ideal solution for the club and the fans,” according to the statement.

As part of their due diligence process, the New York-based bank has also notified groups that they can meet Chelsea’s key staff – including head coach Thomas Tuchel and key director Marina Granovskaia – and tour the club’s facilities in the coming days.

Following the constraints imposed on the Blues following Roman Abramovich’s punishment, the government has prioritized a speedy sale.

Two of the four shortlisted bidders are expected to enhance their offer and submit a second bid for Chelsea.

Chelsea and the government are hoping to complete the transaction before the end of the month.

Once a preferred bidder is chosen, the government will give the green light for the winners to undergo the Premier League owners and directors test.

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