Goldman Sachs is advising a consortium led by Los Angeles Dodgers co-owner Todd Boehly as four bids to buy Chelsea have been approved.
Los Angeles Dodgers co-owners Boehly, Swiss billionaires Hansjorg Wyss and Jonathan Goldstein are backed in their bid by California-based investment firm Clearlake Capital, which has approximately $60 billion (£45.6m) in assets under management and are looking to complete a deal. Takeover before Chelsea’s next Premier League game against Brentford on April 2.
Times columnist and former Conservative government advisor Daniel Finkelstein and American public relations legend Barbara Charone are also part of the consortium.
sky sports news Sources close to the Boehly consortium told him they hoped to have the full plan and speed to gain approval from the government and Raine’s bankers, who had stressed the importance of a quick sale.
The group is also recommended by the powerful Wall Street investment bank Goldman Sachs. News from Heaven’ City publisher Mark Kleinman.
Goldman’s addition to Boehly’s bid was reportedly disclosed in an offer letter sent to Raine on Friday.
While Goldman’s involvement at this point has been limited to a consulting rather than a financing role, the decision to work with Boehly underscores his apparent status as a pioneer to replace Blues owner Roman Abramovich.
Spokespersons for Goldman and Boehly declined to comment on Saturday.
Former Liverpool president Sir Martin Broughton joins World Athletics head Lord Sebastian Coe, both men have season tickets from Chelsea and have pledged to invest in players and facilities if they are successful.
They also stated that “all cash proceeds from the sale are donated without delay to the victims of the ongoing humanitarian crisis created by the Russian invasion of Ukraine” and promised that fans “will be at the center of decision-making”.
Twelve years ago, Sir Broughton negotiated the sale of Liverpool under similar circumstances: the state-controlled Royal Bank of Scotland being the club’s largest shareholder meant it had to work with the UK government to approve the sale to Fenway Sports Group. said news from heaven“I’ve been a Chelsea fan since 1955. I’ve been here for 67 years. I’m a fan. I think it’s important that we have so many fans participating in this.
“We can provide stability. Having a consortium is an important element. When you only have one match, you run geopolitical and financial risks, even health risks, where an event could create confusion and chaos at the club.”
“Where there is a consortium, if something like this happens it affects the consortium, not the club. A consortium ensures long-term stability of high-capital, like-minded people who are in it for the long term ‘without any release timelines’.
British luxury property developer Nick Candy, who has also pledged to have fan representation on the club’s board, has confirmed that he is leading a global consortium with a £2bn bid.
The group says it is committed to providing financial support to all men’s, women’s and academy teams, and wants to build a new stadium at Stamford Bridge to mark a landmark London landmark.
Joining the Ricketts family, which owns the Chicago Cubs, is billionaire hedge fund owner Ken Griffin, the richest person involved in the process, almost three times as many as Roman Abramovich.
Aethel Partners submitted a bid of over £2bn for Chelsea on Thursday, while bids for Chelsea were confirmed. An investment firm in London’s Berkeley Square is expected to urgently provide Chelsea £50m to cover the short-term funds the club may need.
However, Turkish businessman Muhsin Bayrak said he had not made a bid for Chelsea, despite saying earlier this month that the probability of buying the club was ’90 percent’.
Bayrak said he was very upset that he missed the deadline of 9pm on Friday and blamed a misunderstanding with his lawyers.
Bayrak’s statements about buying Chelsea have always been met with skepticism by those close to the sales process.
Chelsea Supporters Trust confirmed that they have spoken to several bidders and are seeking fan involvement “through the creation of a legally binding gold stock”. They also urged the government to show support for football fans “by applying the recommendations of the fan-led review to the benefit of all fans”.
Chelsea will have just 670 fans at Middlesbrough
Chelsea’s sale came amid British and European sanctions on Abramovich following Russia’s invasion of Ukraine, and the Premier League club was also under a string of restrictions.
The club, including women’s and youth teams, cannot sell match tickets or merchandise and has restrictions on how much it can spend each matchday.
Thomas Tuchel’s side will face Middlesbrough in the FA Cup quarterfinals on Saturday and Riverside will have just 670 fans, as this means the number of fans purchasing tickets and news restrictions will take effect before Abramovich was suspended last Thursday.
However, the government has lifted the £20,000 travel limit for the game to allow Chelsea to travel to the game as they normally would.
The club and government are still in talks to change some of the restrictions under which Chelsea operate, and the government is considering allowing a third party to handle ticket sales and distribution.
Middlesbrough will donate a share of the ticket proceeds from the match (expected to be around £300,000) to humanitarian aid in Ukraine.