John Terry is key to Chelsea Pagliuca bid, Chicago Cubs owner Ricketts from takeover race, FA Cup build-up

Good morning Chelsea fans

Bids to take over Chelsea have reportedly ‘already reached £3billion’.

It is also claimed that three of the four syndicates are making all-cash offers and avoid incurring debt to the Blues.

The Times bids, led by Chicago Cubs owners Tom and Laura Ricketts and Los Angeles Dodgers part-owner Todd Boehly, and the group led by Sir Martin Broughton confirmed they have the means to win the west Londoners to buy in full.

But it’s not known how the other syndicate, led by Boston Celtics co-owner Steve Pagliuca, intends to pay.

Four interested parties made it into the last round of bidding and submitted their offers to the Raine Group, the American bank that is handling the takeover for the retiring owner, Roman Abramovich.

Boehly leads a consortium considered by many to be front runners, as he is joined by Swiss billionaire Hansjorg Wyss and Dodgers majority owner Mark Walter.

The Ricketts family is also in the running but is facing strong opposition from supporters.

Pagliuca is leading a consortium leading the third bid for the Blues and has brought NBA boss Larry Tanenbaum and club legend John Terry on board.

The only British bid to make it to the final stages comes from British Airway boss and former Liverpool chairman Sir Broughton, who is joined by David Blitzer, Josh Harris and World Athletics chairman Lord Sebastian Coe.

Meanwhile, outgoing Chelsea owner Abramovich has frozen assets worth £5.4billion in Jersey.

The British government sanctioned the Russian last month after Russia’s unjustified invasion of Ukraine, with reports suggesting he has a close relationship with President Vladimir Putin.

That led to Abramovich listing the Blues for sale when the government gave them a special license to continue operating.

Now he has been hit by a seizure order in the Channel Islands, while local police also searched premises “suspected to be linked to him” on Tuesday.

The government has also frozen the assets of Chelsea director Eugene Tenenbaum.

Tenenbaum was also punished in response to Russia’s illegal invasion of Ukraine.

The 58-year-old’s assets were frozen and hit with transport sanctions.

That means any ship or plane it owns, charters, controls or operates could be arrested if it entered the UK.

The British government has also sanctioned David Davidovich, an associate of Abramovich.

It was confirmed he would face an asset freeze, a travel ban and transport sanctions.

The government says both have been sanctioned for close ties to Abramovich John Terry is key to Chelsea Pagliuca bid, Chicago Cubs owner Ricketts from takeover race, FA Cup build-up


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