Three bids have been made to purchase English Premier League club Chelsea by groups led by British property developer Nick Candy, Chicago Cubs owners the Ricketts family and the pairing of Martin Broughton and Sebastian Coe.
Premier League Chelsea were initially put up for sale by owner Roman Abramovich following Russia's invasion of Ukraine before sanctions were imposed on the oligarch by the British government, effectively giving it control of the club.
"Football clubs are vitally important community and cultural assets, and this is a once-in-a-lifetime opportunity to give football back to the fans and put them at the heart of the operations and strategy of a leading global football club," Candy told Reuters in a statement. "We are in the process of arranging our bid for Chelsea FC," a statement read. "Surprisingly enough, despite the size of the economy, there has never been investment into Premier League football clubs made by South Korean capital so far.The owners of U.S. baseball team the Chicago Cubs, the Ricketts family, confirmed to Reuters that they had also made a bid for Chelsea, in conjunction with Citadel founder Ken Griffin.
"We will secure a prompt purchase and smooth transition, with funds readily available for the immediate takeover of the club and immediate investment in the team, facilities, and commercial opportunities.
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