New conditions for the purchase of Chelsea – guarantees for club financing and a 1.3 billion USD investment in the stadium revamp

The second round of bidding for the purchase of Chelsea has begun few days ago and the four remaining consortia have been given a new deadline to submit revised bids. Improved proposals, along with conceptual plans for further development of the club, potential buyers can submit by April 11.This probably means that the final handover of power from the hands of Roman Abramovich will be postponed for a certain period, although there is a belief in the UK football circles that everything should be completed by the end of the current season. The whole process could be accelerated by the government under the pretext of sports and state interests, and the framework in which Chelsea is expected to get a new owner is five weeks.Sat 17:00: (1.35) Chelsea (4.90) Brentford (9.50)New information has appeared that the candidates who are still ‘in the game’ have been given new conditions in order to enter further consideration for the finalization of a deal worth over three billion USD. Namely, the candidates are faced with two important tasks – to provide financial guarantees to be able to bear the burden of paying all operating tasks, salaries and other obligations, but also to prepare an investment plan worth (at least) 1.3 billion USD to finally modernize and expand Stamford Bridge!A reminder – the topic of the stadium has been dragging on for years, Abramovich had a complete project ready, which he gave up the moment the British authorities refused to issue him a work visa, which is why he later obtained Portuguese and Israeli passports so he could travel freely to and from UK.Of the four potential buyers left over, only the one led by the Ricketts family has so far spoken clearly and loudly about wanting to make Stamford Bridge a modern sports venue. However, this American family did it in order to please the fans, because their involvement in the purchase of Chelsea raised a lot of controversy due to scandalous statements said in the past by some of the members of the mentioned family. Despite that – and despite the arrival of Todd Ricketts, the son of the head of the house Joe, in London for a conversation with prominent fans of the club – nothing important has changed regarding the fans’ view of the Ricketts.The list of bidders is narrowing down – Chelsea will not go to the SaudiAs time slowly passes, the London press writes that the players are increasingly feeling the pressure of the current sanctions imposed on the club and Abramovich, which is why they want Chelsea to get a new owner as soon as possible.”I’ve been at the club since I was six and nothing like this has ever happened. That’s why I’m worried. Nobody still knows where we are going and what will await us the next day. So it’s hard to accept all this that is happening. Our focus is still on football and we are trying to win as many games as possible,” said Mason Mount.##EDITORS_CHOICE##The bidding started out with over twenty official offers and only four have passed. The BBC wrote about the presence of a secret buyer about whom absolutely nothing is still known, while some of the written off candidates such as British real-estate tycoon Nick Candy, the Saudi Media group and others began looking for new partners among those who remained. And now they have the opportunity to take a look inside club’s books, sieve through their finances and talk to the club’s executives.All four consortia in the game are American, of which only two have a British businessman in their ranks.

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