Hopeful reports intimated that we might find out perhaps as early as Monday who the preferred winners are from the three final bidding groups for Chelsea Football club. It’s now Wednesday, so obviously that did not happen. And it might not happen for a bit longer, with no “steadfast” deadline set in what remains an accelerated process yet one still not as fast as we would truly like — if the club were allowed to operate normally in the meantime, this wouldn’t be a problem. But we are not, so it is.
Chelsea and Raine Group are trying to do as much due diligence as they possibly can, and all three groups remain in the running with “strong” offers. As per the Telegraph and CBS Sports, all the groups were contacted over the weekend to provide additional details and clarifications on their bids, be that questions on the stadium, the Academy, the bid financing, or whatever else.
Boehly bid has the most concrete and expansive plans for development of Stamford Bridge. Broughton bid asked to provide a timescale for how quickly Harris/Blitzer can offload Palace shares. Palace fully cooperative so no delays expected. Big plans for Academy/women’s team growth.— Ben Jacobs (@JacobsBen) April 20, 2022
There appear to be no major showstoppers for any of the bidding groups, including any potential conflicts of interest. The Broughton bid’s financiers, Harris and Blitzer could divest quickly from Crystal Palace if needed while the Pagliuca bid’s playing into the Atalanta relationship rather than moving away from it, so presumably they feel this is acceptable for UEFA. The Boehly bid still seems the strongest, and apparently have the “most concrete and expansive” stadium plans as well.
And so, we wait.
Chelsea sale latest:— Matt Law (@Matt_Law_DT) April 20, 2022
- Bidders submit more detail on improved offers
- Chelsea determined to gather and consider all info
- Finalised takeover could run into May
- Granovskaia, Buck, sporting director latest #cfc https://t.co/jqqOMAkGbv