In the context of sanctions on wealthy Russians, the number of competitors to buy Chelsea Football Club is increasing before today’s deadline for purchase applications, following sanctions imposed on its owner Roman Abramovich. Abramovich had put Chelsea up for sale since March 2, following the Russian attack on Ukraine. The British government sanctioned the Israeli-Russian billionaire, freezing his assets in the UK except for Chelsea, which has been operated under an extraordinary license from the government.
The British government penalized Abramovich after speculation about his relationship with Russian President Vladimir Putin; however, the 55-year-old businessman has repeatedly denied this. Chelsea currently ranks third in the English Premier League with 59 points and has qualified for the quarter-finals of the Champions League, while still competing in the FA Cup.
The bidding process for purchasing the club has seen strong offers, with several individuals and entities bolstering their positions amid notable developments on Thursday. The list of potential buyers to succeed Abramovich includes:
- Todd Boehly: A global investor who submitted a joint bid with businessman Jonathan Goldstein.
- Nick Candy: A British property developer whose bid may include a plan to build a massive stadium.
- Ken Griffin: Founder of Citadel, who is making an offer with the Ricketts family, owners of the Chicago Cubs.
- Martin Broughton: Former chairman of Liverpool FC.
- Josh Harris: Executive of Apollo Global Management, also a candidate for competition.
- Oaktree Capital: An American asset management company led by Howard Marks.
- Woody Johnson: Heir to Johnson & Johnson products.
