SportsDay
SPORTS UPDATE

EPL: Chelsea’s new owners given fresh conditions to buy club

Interested parties who want to bid for Chelsea before Friday’s deadline, have been told to submit a detailed background report on all investors, according to SportsMail.

They have also been asked to state their motives for the club moving forward, as they enter the official bidding process.

It is understood there are about 200 interested parties.

New York-based merchant bank, Raine, have been appointed as advisors on the deal.

Bidders will be asked to provide a proof of funds letter, a full list of advisers, a business plan and a timescale for completion to accompany their offers.

This is amid a growing focus on the issue of suitable club ownership in the Premier League.

Buyers are also advised that a cash offer – and being the highest bidder – will be crucial.

Also, any consortium or individual must promise to preserve employment at all levels at the club and fulfil their existing financial obligations.

Related posts

2022 World Cup: Brazil announce squad, include Neymar, Alves, Jesus [Full list]

SD Reporter

EPL: Man Utd boss Rangnick salutes Mata and Matic

SD Reporter

Snoop Dogg is ‘August’ visitor at Chelsea’s pre-season tour

SD Reporter

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More