Chelsea sale: Ricketts-led consortium withdraws bid to buy club

The Ricketts Family have confirmed they have withdrawn their offer to purchase Chelsea Football Club. The controversial investors are no longer in the run-in to buy the club after mass protests regarding the possibility of them taking over.

The family released a statement to PA Sport: “The Ricketts-Griffin-Gilbert group has decided, after careful consideration, not to submit a final bid for Chelsea FC. In the process of finalising the proposal, it became increasingly clear that certain issues could not be addressed, given the unusual dynamics around the sales process.

“We have great admiration for Chelsea FC and its fans, and we wish the new owners well.”

So, the Chicago Cubs owners have opted not to submit a final offer for the club. The consortium members, including US billionaires Ken Griffin and Dan Gilbert, were unable to agree the final ingredients of the offer.

This will be good news to a large section of Chelsea supporters, who protested outside Stamford Bridge prior to the recent defeat to Brentford, the Ricketts family possibly buying the club.

The Ricketts’ withdrawal now means there are just three groups remaining in the race to buy Chelsea. LA Dodgers part-owner Todd Boehly, Sir Martin Broughton and Steve Pagliuca are the remaining parties with a chance.

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