Family ties between Raine Group and Ricketts questioned in Chelsea bidding process

Question marks have been raised over the bidding process for Chelsea Football Club amid links between the Raine Group and potential buyers from the Ricketts family, according to reports.

The Blues have been put up for sale by current owner Roman Abramovich and despite the current sanctions imposed on him by the UK government, the club are still expected to be sold.

It is believed that a number of parties would be interested in making a bid for the World and European champions.

According to the Telegraphthere are concerns about the relationship between Raine Group and the Ricketts.

Tom Ricketts, executives of the American baseball team Chicago Cubs and the investment bank set up a company in 2020 seeking $247 million “for a technology-media-telecom acquisition”.

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It is also believed to include the potential purchase of a sports team or sports betting company, as well as a digital media and podcasting opportunity.

As a result, there could be accusations of conflict of interest in any potential deal with other interested parties.

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It was earlier reported that the Ricketts family were among the favorites to buy Chelsea, with the club setting a deadline of Friday March 18 for interested parties to submit formal offers.

The UK government has recognized two parties seen as ‘serious suitors’ to buy the club, with a consortium led by Todd Boehly and Hansjorg Wyss being one, and British businessman and Chelsea fan Nick Candy being the other.


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