Chelsea’s final three bidders looking to buy the club from Roman Abramovich ‘are invited to make one last pitch’ as to why they should own the Stamford Bridge outfit, with a preferred buyer potentially selected this week
- There are three bidders remaining in the race to buy Chelsea from the sanctioned current owner, Roman Abramovich
- Reports say each one will make a final pitch as to why they should buy the club
- A preferred bidder for Chelsea could then be selected by the end of the week
The final three bidders in the race to buy Chelsea have reportedly been invited to make one final pitch for the club.
The offers are fronted by Sir Martin Broughton, Todd Boehly and Stephen Pagliuca and according to The Telegraph, their final presentations will begin as early as Tuesday.
The publication adds that there is hope Chelsea and the Raine Group, the New York bank overseeing the sale, will announce their preferred bidder by the end of the week.
Sir Martin Broughton is fronting the bid involving Serena Williams and Lewis Hamilton to buy Chelsea from Roman Abramovich
Steve Pagliuca (left) and NBA chairman Larry Tanenbaum (right) have committed to a lifetime ownership of Chelsea if they win the right to buy the club
Chelsea, the current holders of the Champions League, were put up for sale by present owner Roman Abramovich in early March before he was sanctioned by the British government for his ties to Russia president Vladimir Putin.
Last week, the £ 2.5billion bid fronted by Broughton was revealed to have £ 10million contributions each from Sir Lewis Hamilton and Serena Williams.
The sporting greats appear unlikely investors in a Premier League club, but Williams already has a stake in Angel City FC, the LA-based franchise who play in the National Women’s Soccer League.
The pair are also good friends, with Williams having attended several grands prix as Hamilton’s guest and the F1 driver spending much of his spare time on the west coast of America.
Broughton would become chairman of Chelsea if his bid is successful, but the bulk of the funding is being provided by the owners of the Philadelphia 76ers basketball team, Josh Harris and David Blitzer, who would have to sell their shares in Crystal Palace should they buy another club.
LA Dodgers part-owner Todd Boehly is involved in the other bid to buy the London club
Raine Group, the bank overseeing the Chelsea sale, could recommend their preferred bidder by the end of the week to the government
Steve Pagliuca, the owner of NBA team Boston Celtics, is leading a rival bid to buy Chelsea and also owns a stake in Italian Serie A team Atalanta.
He has partnered up with Larry Tanenbaum, who backs the Toronto Maple Leafs, and have committed to ‘lifetime ownership’ of Chelsea if their joint bid to buy the club is successful.
The other bid in the running is fronted by LA Dodgers part-owner Todd Boehly.