Football England - Chelsea without Abramovich, incredible financial power

Football England – Chelsea without Abramovich, incredible financial power

Ken Griffin, specialized in investment funds, is the strong support of the big favorite in the takeover of Chelsea. His association with Dan Gilbert and the Ricketts family gives the Blues incredible financial power in the event of a takeover.

Chelsea fans have nothing to worry about, it’s not the money that will be missing from the future owner of the Blues if the latest information is confirmed. Nearly twenty years after the takeover of the London club by Roman Abramovich in 2003, another owner will land with the reigning European champion. And his replacement may already be known in the person of Ken Griffin, American multi-billionaire. This 53-year-old man and his consortium are in the running to win the Blues, now orphaned and handicapped by heavy penalties following the close ties between the Russian oligarch and Vladimir Putin. To lend him a hand, Ken Griffin is accompanied by Dan Gilbert, owner of the Cleveland Cavaliers in the NBA, and the Ricketts family, owner of the Chicago Cubs in MLB. All wealth combined, this consortium alone weighs around 48 billion euros. According to The SunKen Griffin has promised big things to Blues fans from Chelsea, third in the Premier League, if they arrive at Stamford Bridge. “If selected, we will validate the trust placed in us to continue Chelsea’s winning tradition while providing fans with an exceptional matchday experience. We all love to compete and, even more, we love to win. I am thrilled to join my longtime friends and partners, the Ricketts family and Dan Gilbert, who have built legendary championship teams” revealed the American multi-billionaire.

Chelsea bought for two or three billion

Here is the sum that will have to be paid to buy back the former property of Roman Abramovich. The taking of secondary offers was postponed until Thursday by The Raine Group in hopes of reaching the three billion euro mark. But this date could be further pushed back to the following week by the brokers in transaction, solicited by the Russian oligarch to find a new buyer. Apart from this consortium made up of Ken Griffin, Dan Gilbert and the Ricketts family, other candidates are also out to conquer the Blues. This is the case of another consortium led by American businessman Todd Boehly and Swiss billionaire Hansjorg Wyss. Another American billionaire in the person of Josh Harris is also a taker as he is already co-owner of Crystal Palace. The Turkish Muhsin Bayrak, a magnate of construction, energy and technologies is also very close to the file. According to The Sun, the takeover of the Blues may not take place before the end of May and the end of the season. The Premier League and the British government, at the origin of the sanctions against the Blues, must give their agreement to the candidate chosen by the investment bank Raine.

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