Woody Johnson admits his failed Chelsea takeover bid is bittersweet as the sum of money required to purchase the club presents a "huge challenge" financially.
The American billionaire owns National League Football franchise the New York Jets and developed a soft spot for Chelsea while serving as ambassador to the United Kingdom under president Donald Trump. He was one of many interested parties to submit an offer for the Blues after Roman Abramovich put the club up for sale following Russia 's invasion of Ukraine.
Johnson's proposal was believed to be in the region of £2billion but the Raine Group, the bank overseeing the sale, did not take him forward to the next stage of bidding. While he is the heir to the vast fortune of the Johnson & Johnson pharmaceutical corporation and was attracted to the prospect of owning Chelsea, the 74-year-old harbours concerns over the "enormous" sums of money involved in the takeover.
