Consortium Remains on Standby Despite Not Being Named Preferred Chelsea Bidder
At least one consortium is available to bid for Chelsea in the event that Todd Boehly fails to make an offer in his exclusive negotiations to buy the club from Roman Abramovich. This is after Stephen Pagliuca and Sir Martin Broughton were informed that they were not named preferred bidders for Chelsea.
Boehly’s consortium entered exclusive talks with Chelsea, Abramovich and other interested parties about the succession of the Russian at Stamford Bridge.
The American-Swiss consortium has a week to finalise the paperwork and agree a deal to become the next owner.
However, a spanner was thrown into the works as Sir Jim Ratcliffe submitted an 11th-hour bid, but this may be too late as Boehly’s group are ahead in many areas such as due diligence.
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It is thought that there should be no issue with Boehly’s group to complete the takeover but if it does fall short, at least one of the other two consortiums are on standby.
Matt Law states that at least one of the other two consortiums that bid for Chelsea remain on standby in case the Todd Boehly bid is unsuccessful after entering exclusive talks.
This comes after Ratcliffe met with Chelsea Supporters Trust as he looks to play catch-up to Boehly’s group.
Boehly, and other groups that were part of formal bidding met with former Blue Paul Canoville fans and others as they did due diligence and met with many stakeholders. It remains to be seen who will win, with Boehly currently the clear favourite after he was in exclusive talks.
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