Chicago Cubs owners and Citadel Fund founder team up to bid for Chelsea – Sky News
The owners of US baseball team Chicago Cups teamed up with Citadel founder Ken Griffin to work on a bid to acquire the English Premier League club, Sky News reported on Wednesday.
Sky reported that the Ricketts family, owners of the Cubs, and Griffin have formed an investment group ready to make an official offer to the London club on Friday.
Chelsea was initially offered for sale by owner Roman Abramovich after the Russian invasion of Ukraine, before the British government imposed sanctions on the Russian oligarchy.
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The European Champion is currently operating under a special license and is effectively controlled by the British state.
Abramovich bought the club in 2003 for 140 million pounds ($183.16 million). He financed Chelsea with £1.5 billion in loans through Fordstam Limited, the entity through which he owns the club.
His investment led to the most successful era in its history as he won five Premier League titles, five FA Cup titles and the Champions League twice.
Forbes magazine ranked Chelsea the seventh most valuable club in world football, with a profit of $3.2 billion.
The club is third in the league standings, 11 points behind leaders Manchester City, and will face Lille in the second leg of the Champions League round of 16 on Wednesday.
With information from Reuters
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