Each of the four remaining bidders for Chelsea have been told they must commit at least £1billion to future investment if they are to succeed in becoming the club’s new owners.
This week a quartet of bidders were moved onto the next stage of the sale process to purchase the Blues, ending Roman Abramovich’s near two-decade tenure as the club’s owner. Sir Martin Broughton, Todd Boehly, Tom Ricketts and Stephen Pagliuca all have built consortiums that have passed the next stage set by Raine Group, the US merchant bank handling the sale.
Now, according to Sky News, the four bidders have all been notified that they will have to sign contractual agreements guaranteeing that at least £1billion of additional funding will be made available to the club for its development should they become its owners. This should reassure Chelsea fans that the new owner will continue to back their club with the same kind of financial resources made available by Abramovich.
