SEBASTIAN COE has taken on the Americans’ bid to buy Chelsea.
Lord Coe backed Sir Martin Broughton’s consortium – and if successful, would take a seat on the board.
Coe said: “I’m sure Sir Martin is the right man to lead Chelsea Football Club into its next chapter.
“He has an exceptional track record in British business as well as unparalleled experience in guiding Liverpool out of a very difficult situation.
“He has the vision, the acumen and the financial backing to ensure the future success of our club, keeping Chelsea Football Club at the forefront of European football and fighting for trophies.
“But most importantly, like me, he’s a lifelong Chelsea supporter and Shed End season ticket holder.
“This offer is for millions of Chelsea fans around the world. We love our club and will always put the fans first.”
Coe’s move comes amid an American power struggle as baseball baron Tom Ricketts makes Chelsea’s latest bid.
The Chicago Cubs owner threw his hat in the ring just 24 hours after the former US diplomat Woody Johnson submitted £2billion Offer to buy the Prem giants.
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Ricketts has teamed up with billionaire hedge fund tycoon Ken Griffin to form a consortium in time for tomorrow’s deadline for potential buyers.
Ricketts was snubbed when he made a formal attempt to buy Chelsea in 2018.
But his camp still feel that gives them a head start because they know much of the club’s detailed finances, having previously looked through the books.
A third American, financier Todd Boehly, joined forces with mega-rich Swiss Hansjorg Wyss two weeks ago to try to take over the Londoners.
And now Oaktree Capital, a £126 billion wealth manager run by Los Angeles resident Howard Marks, is set to jump into the running.
Abramovich was hoping for around £3bn for the club, which he paid £140m for in 2003, but is likely to settle for significantly less.
https://www.thesun.co.uk/sport/17974066/chelsea-takeover-broughton-liverpool-seb-coe/ Sebastian Coe backs ex-Liverpool chairman Martin Broughton and his US consortium to complete Chelsea takeover