Chelsea takeover saga drags on for another TWO WEEKS as bidders given April 11 deadline to lodge official offer

CHELSEA’S takeover saga will drag on for another fortnight with the four remaining bidders given until April 11 to submit their final proposals.

The Raine Group have whittled contenders down to a quartet, with an emphasis placed on committing £1billion in future investment into the West London club.

Roman Abramovich could finally be ousted as Chelsea owner next month

Roman Abramovich could finally be ousted as Chelsea owner next monthCredit: AP

Tom Ricketts' controversial bid remains in the process

Tom Ricketts’ controversial bid remains in the processCredit: Getty

Each will have until April 11 to potentially up their bids, before the Raine Group will make their final decision.

According to Sky Sports, this deadline could see the Blues taken over by the end of the next month.

After Raine decide on their preferred bid, the takeover will still be subject to government approval.

A key deciding factor could be each bidder’s plans to renovate Chelsea’s Stamford Bridge home.

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The 40,834 capacity is dwarfed by that of Manchester United, Manchester City, Liverpool, Tottenham and Arsenal’s homes.

Raine’s four remaining candidates possess a wealth of experience in sports ownership.

Sir Martin Broughton and Lord Coe’s bid is backed by American financiers Josh Harris and Dave Blitzer.

The duo already own the Philadelphia 76ers of the NBA, as well as the New Jersey Devils of the NHL.

Sir Martin Broughton remains involved in the process

Sir Martin Broughton remains involved in the processCredit: PA

Also involved is Vivek Ranadive, who owns the Sacramento Kings – the NBA franchise that has currently gone the longest without reaching the play-offs.

Another bid remaining in the process is that of LA Dodgers owner Todd Boehly, whose ownership of the MLB franchise has overseen renovations on Dodger Stadium.

Chicago Cubs chief Tom Ricketts’ controversial bid has made it through – despite Chelsea fans’ concerns over Islamophobic emails previously sent by his father Joe.

Under Ricketts family stewardship, the Cubs’ Wrigley Field home underwent a £1bn renovation.

Stephen Pagliuca’s under the radar approach is the fourth to have made the shortlist.

The 67-year-old already owns the Boston Celtics, as well as Serie A side Atalanta.

Todd Boehly owns the LA Dodgers

Todd Boehly owns the LA DodgersCredit: AFP

Stephen Pagliuca is owner of the Boston Celtics and Atalanta

Stephen Pagliuca is owner of the Boston Celtics and AtalantaCredit: Bloomberg – Getty


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