Home EPL Chelsea receive new bid ahead of Friday’s deadline

Chelsea receive new bid ahead of Friday’s deadline

London-based equity firm, Aethel Partners have become the latest bidder for Chelsea.

On Thursday, they submitted an offer in excess of £2bn, ESPN reports.

It is understood the bid includes an immediate £50m investment to prevent the club from becoming insolvent.

Chelsea continues to operate under a strict licence, after the UK government imposed several sanctions on its owner, Roman Abramovich, over his alleged ties to Russia President Vladimir Putin.

The bid is solely funded by Aethel Partners, without any celebrity or independent billionaire backing.

The New York-based merchant bank Raine Group, who were appointed to manage the sale, have set a deadline of 9pm GMT on Friday for the final submission of bids.

Two or three preferred offers will then be identified and put forward.

It is understood that the total number of offers received is between 15 and 30.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Strike can be resolved in two days – ASUU

The Academic Staff Union of Universities, ASUU, says the Federal Government can resolve the lingering issues within just two days. ASUU President, Professor Emmanuel Osodeke,...

Major 10 News Update you need to know this Thursday Morning

Good morning readers Here is today’s summary from Nigerian Newspapers: 1. A former Governor of Edo State, Adams Oshiomhole, has admitted he does not know...

Why we adopted Peter Obi as our candidate – MiddleBelt Forum

Ahead of the 2023 elections, the Middle Belt Forum on Wednesday, adopted the presidential candidate of the Labour Party (LP), Peter Obi as their...

FG begs ex-military officers protesting unpaid Allowance

The federal government has appealed to military veterans protesting unpaid Security Debarment Allowance for more time. The Permanent Secretary, Ministry of Defence, Ibrahim Abubakar Kana...

Recent Comments