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200 investors interested in buying Chelsea | Breaking News
There are said to be no fewer than 200 investors exploring a potential offer to buy Chelsea from Roman Abramovich with the Friday deadline for bid proposals approaching.
According to 90min.com, Abramovich has given the UK government approval to go ahead with the sale after accepting that he will not get anything from the deal.
The government in charge of the sale of Chelsea has asked potential buyers to submit their proposals before Friday and also provide the source of their money as well as their long-term plan for the club.
It has been reported that the sale of the Uefa Champions League title holders and Club World Champions could be worth a cool £3bn.
New York-based banking group Raine are said to be leading the sale.
“For a buyer to be taken seriously, they have been asked to follow a checklist in submitting their proposals. They should provide Raine, the Premier League and the Government proof of funds letter, a full list of advisers, a business plan and a timescale for completion to accompany offers, as well as explaining their motivations behind bidding for Chelsea.”
“As well as their plans for Chelsea on the pitch, buyers are also being asked to detail how they would support the non-playing staff involved with the club, including the club shop staff whose jobs are currently on hold.
Meanwhile, Chelsea have confirmed that they remain in daily talks with the Government over an alteration to their license to help them continue trading in the wake of the sanctioning of Abramovich.
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Source Link 200 investors interested in buying Chelsea | Breaking News