Shortlisted candidates in the race to buy Chelsea have got confirmation that they can upgrade their offers for the club. Reports revealed on Saturday morning that consortiums are still in the run to take over at Stamford Bridge were looking for clarity over whether they could up their exact offers for the concerned club and Raine: the merchant bank, advising sales for Chelsea have announced among the groups that they are allowed to make new and enhanced bids.
Parties in Race to Buy Chelsea Can Upgrade their Bid
Parties had been thinking for a long that their first bid for Chelsea would be looked upon as the final as the club and Government were up for a quick sale concerning the financial difficulties of the Blues as they were through various restrictions in the wake of Roman Abramovich, the current owner’s sanctioning.
Reports suggest at least two of the four parties among the shortlisted bidders are set to increase their offers and could turn the method into an auction with Chelsea now ready to be sold for closer to the €3 billion Abramovich actually desired. The new deadline for the second bid has been set for April 11 by Raine.
The groups are also open to meeting the club’s key personnel and Head Coach Thomas Tuchel and key director Marina Granovskaia and even tour the club’s facilities in the upcoming days as a part of the pending diligence process.
Raine, Chelsea, and the government want the sale to be wrapped by the end of next month. Josh Harris and David Blitzer, who are presumed to be providing the maximum of the funding for the bid approached by Sir Martin Broughton and Lord Coe, and Boston Celtics owner Stephen Pagliuca now simply have over a month either to divest or dilute their share in opponent clubs in accordance to the Premier League and UEFA ownership rules. Other shortlisted candidates include US tycoon Todd Boehly.
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