The Ricketts family that owns baseball team, the Chicago Cubs, have confirmed their bid to buy Chelsea Football Club. And the British news agency (BA Media) reported that Chicago Cubs president, Tom Ricketts and his family, will head an alliance of partners with huge funding to apply for the purchase of the club.
The financial institution, “Rain Group” in New York, set a deadline for submitting offers, with the end of the era of Roman Abramovich, the former owner of the club for 19 years, approaching. A spokesman for the Ricketts family said: “The Ricketts family, owners of the Chicago Cubs, can confirm that they will lead an investment group that will bid for Chelsea Football Club on Friday.”
“As owners and managers of a professional and creative sports team, the Ricketts family and partners understand the importance of investing for success on the field, while respecting the traditions of the club, fans and community.” “We look forward to revealing more details about our plans in due course.” Chelsea owner Abramovich has put the club up for sale since March 2, in the wake of Russia’s invasion of Ukraine.
The 55-year-old Russian-Israeli billionaire has owned Chelsea since 2003, when he led the team to 21 titles in 19 years. And the British government imposed sanctions against Abramovich last week, alleging his links to Russian President Vladimir Putin. Abramovich had denied on more than one occasion his connection to the Russian regime led by Putin, but British government sanctions froze his assets in the United Kingdom, with the exception of Chelsea. Chelsea Football Club is currently managed under an exceptional government license, with the Treasury Department overseeing the potential sale. Abramovich cannot make a profit from Chelsea, but he pledged to cancel the club’s 1.5 billion euros ($2 billion) debts and transfer all proceeds to charitable foundations, before the British government sanctions imposed on him.
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