Roman Abramovich's desperation to sell Chelsea, due to pressure and sanctions from the British government and the European Union, suggested that the club's price would be devalued and sold below its real price. Nothing could be further from the truth. The club received up to 300 offers, of which 20 or 30 formalized their interest. Now the Blues hunt has narrowed even further.
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Abramovich estimated a sale price of around €3.3 billion and he can get it, although his interest is not so much monetary, as he will not receive a euro from the transaction, but that the club remains in good hands.
Neither the 950 million paid by the Glazers for Manchester United nor the 330 million paid a few months ago by Saudi Arabia for Newcastle United will come close to the 3.3 billion that the Stamford Bridge outfit will reach when its sale is completed in the coming weeks.
If the Russian oligarch achieves his price target, Chelsea will break all records. Not only will it surpass Manchester United as the most expensive club ever sold, but it will also beat the American franchises, which had in the Brooklyn Nets the diamond of operations. Taiwanese businessman Joseph Tsai took 51% of the franchise in August 2019 for around €3 billion. That figure will be left behind when Chelsea changes hands.
The deadline for bids closed on March 18 and in the last few days, the favorites have exposed their projects until 'Raine Group', the American bank that Abramovich trusted to sell the club, has selected the best offers. The three strongest bids come from the United States.
The owners of the Chicago Cubs, the Ricketts family, are one of the leading candidates. Or at least they were. Their calling card, having ended the curse of 108 years without winning a World Series and the remodeling of Cubs Stadium.
Their problem? Greater interest in business than sports success and Islamophobic comments from family patriarch Joe Ricketts, who in 2019 emails targeted Muslims as "the enemy." This threw the networks against the Ricketts project and forced the family to disassociate themselves from Joe's comments and fly to London to try to meet with 'blues' fan groups who took a dim view of the proposal. This episode has weakened Ricketts' chances.
Without leaving the United States, Todd Boehly, who owns part of the Los Angeles Dodgers in baseball and the Los Angeles Lakers and Los Angeles Sparks in basketball, the Swiss Hasjorg Wyss and Jonathan Goldstein joined forces.
A triumvirate of millionaires with ties to the United States, Switzerland, and the United Kingdom whose sporting abilities are in doubt, since Boehly, the most closely related to sports, has only minority stakes in the three franchises mentioned and, apparently, little decision-making power. His forte is marketing and the commercial aspect.
The other strong candidate is Martin Broughton, a British millionaire who has been briefly chairman of Liverpool and British Airways, and who has aligned himself with Sebastian Coe, chairman of the British Olympic Committee, with Josh Harris and David Blitzer, owners of the NBA's Philadelphia 76ers and the NHL's New Jersey Devils, as well as the owner of the Sacramento Kings, Vivek Ranadive.
Both Harris and Blitzer have stakes in Crystal Palace, which they would have to dispose of if they wanted to become Chelsea owners, as Premiership regulations do not allow them to have interests in two clubs at the same time.
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