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Chelsea takeover: Confidence grows amongst the Ricketts family with UK talks planned

T

he Ricketts family are growing increasingly confident they will be shortlisted in the race to buy Chelsea.

The owners of the Chicago Cubs are pressing ahead with their bid to take over from Roman Abramovich and are planning to head to the UK to meet face-to-face with fans and the Chelsea Pitch Owners PLC to outline their vision of the club.

Tom Ricketts spoke with MP for Chelsea and Fulham Greg Hands on Monday to talk in more detail of the family’s intentions if successful in their bid.

That was despite US merchant bank, Raine Group, still deliberating over what proposals to put forward to the next stage of the sale.

The Ricketts family are backed by hedge fund manager Ken Griffin, who is worth around £20 billion.

Their bid was seen as one of the front-runners ahead of last Friday’s deadline, due to their experience of running a major sports team, their financial might and recent success in the redevelopment of the Cubs’ stadium Wrigley Field.

They intend to rebuild Stamford Bridge if they take over and believe they are the best qualified of all the contenders to see through a project that even Abramovich opted against.

Bidders were expecting to start hearing on Monday if they had been shortlisted – if not, within 48 hours.

Despite Friday’s deadline, there have still been developments over the weekend and at the start of this week.

London-based global investment firm, Centricus, confirmed on Monday that they had tabled a bid.

Meanwhile Nick Candy has submitted an increased offer worth ‘significantly’ more than £2 billion.

The UK property tycoon tabled an official offer before Friday’s deadline of 9pm. But he has now improved that after securing a new investor for his Blue Football Consortium

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