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Chelsea are on “loan time”, says MP Nadine Dorries
The consortium led by Todd Boehly, which is leading the race to acquire Chelsea, has about a week to sign a purchase agreement if it wants to win over Britain’s richest man to acquire the club.
Sir Jim Ratcliffe made a dramatic late bid for the club from Roman Abramovich on Friday when he submitted a bid of 4 4.25 billion. His offer has been received and will continue to be seriously considered.
However, the Boehly group has been informed that it has received the status of the preferred bidder from Raine Group, the merchant bankers handling the sale of the club. And now they have a short window, which is believed to be a week, to get to the point where a purchase agreement can be signed and the deal can be signed.
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Ratcliffe’s offer has put pressure on co-owner LA Dodgers and his friends, and the fact that they have completely bypassed Raine to deal with Chelsea president Bruce Buck, there is a clear belief from Ineos’s top body that has done. left very late.
“We made an offer this morning,” Ratcliffe explained. “We are the only British offer. Our motivation is just to try to create a very good club in London. We have no profit incentive because we make our money in other ways.”
A statement from Ratcliffe said: “We believe that a club is bigger than its owners, who are the temporary custodians of a great tradition. With responsibility to the fans and the community. That’s why we are committed to spending $ 1.75 billion. Or in 10 years that will be for the immediate benefit of the club.
The Todd Boehly-led consortium has been named the preferred bidder for Chelsea (
Picture:
Bloomberg)
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“We will invest in Stamford Bridge to make it a world-class stadium that suits Chelsea FC. This will be organic and continuous, so that we do not move away from Chelsea headquarters and risk losing the support of our loyal fans.
“We will continue to invest in the team to ensure that we have a first-class team of the best players, coaches and support staff in the world, in the men’s and women’s matches.
“And we hope to continue to invest in the academy to provide the opportunity for talented young people to develop into first-class players.”
Sir Jim Ratcliffe has made a late bid for Chelsea
But Boehly and Co are confident they can turn things around and stay in pole position to complete the acquisition. Chelsea need to complete the sale by the end of May, following sanctions imposed on Abramovich by the UK government on March 10 following Russia’s invasion of Ukraine.
Culture Secretary Nadine Dorries warned this week that Chelsea were on “loan time” and needed to finalize the acquisition “within weeks”. Speaking to the BBC, Doris said: “There is a very small window left for this sale to take place.
“Chelsea are being sold, as you know, and the sanctions are in place, so those sanctions are still in effect at the time of the sale. But what I’m really saying is that Chelsea are on loan at the moment.” And when asked how quickly a sale should be completed, he replied “within weeks.”
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