Chicago Cubs owners and Citadel billionaire Ken Griffin team up to claim Champions League titles

Chicago Cubs owners and billionaire hedge fund mogul Ken Griffin have joined forces to bid to acquire Chelsea Football Club.

Sky News can exclusively announce that the Ricketts family and Mr Griffin have formed an investment group that will submit an official offer to last season’s Champions League winners on Friday, the deadline for applications.

The new development, which will be publicly announced on Wednesday, poses serious competition for bidders as Roman Abramovich’s 19-year tenure as Chelsea owner comes to an end.

Sources close to their upcoming bid say Ricketts’ success with the Chicago Cubs and the financial firepower of their consortium would be the perfect recipe for success at Stamford Bridge.

The past six years have been the most successful in Cubs history, winning the World Series and completing a $1 billion renovation at Wrigley Field, one of the most historic sports arenas in the US, built in 1914.

This narrative is expected to unfold amid ongoing debate over the future of Stamford Bridge, which Chelsea supporters and management commonly acknowledge will require extensive expansion work if the club is to compete sustainably against European rivals that boast much larger opportunities.

Mr. Griffin’s involvement adds a huge financial impact to the bid. He is the founder and CEO of Citadel Asset Management and one of the most successful executives in Wall Street history.

Forbes magazine recently estimated his net worth at $26.5 billion, making him the richest person publicly associated with a Chelsea auction.

A source said the Ricketts-Griffin bid would be “the most complete bid on the table – no one else has had as much success on the field as the Ricketts family with the Cubs, coupled with the successful completion of a massive renovation of the historic stadium.”

A statement from the Ricketts family confirmed the offer and added: “As longtime operators of an iconic professional sports team, the Ricketts family and their partners understand the importance of investing in success on the pitch while respecting the club’s tradition. fans and community.

“We look forward to sharing more details about our plans in due course.”

Competing bidders want to work with Candy

Meanwhile, other contenders are also considering joining forces as the race for Chelsea heats up. It is understood that bidders are interested in joining forces with longtime Chelsea supporter Nick Candy due to his experience building property in central London.

Candy has the funds and backers to make an offer to Chelsea this week. He promised to give Chelsea fans a seat on the board of directors. if his proposal is successful.

In an interview with Sky Sports News Ahead of Chelsea’s Premier League victory over Newcastle on Sunday, Candy spoke of his passion for the club and desire to succeed Roman Abramovich, who was sanctioned last week after he announced his desire to sell the Blues.

“I’ve been a Chelsea fan since I was four years old,” Candy said. Sky Sport. “My father was asked to play for Chelsea. I love Chelsea. I don’t care where he ends up, even if he’s not with me, as long as he’s in good hands.

“One hundred percent [the fans need to be included in ownership] and they must be involved. Both on the board and economically.”

Government discusses option to sell Chelsea tickets by third party

The UK government has suggested that Chelsea start selling tickets for the match through a third-party organization in order to circumvent sanctions imposed on club owner Abramovich.

The Blues can no longer sell tickets to their fans, nor issue Stamford Bridge away tickets to visiting fans, in accordance with the license issued to the Russian owner and club last week.

Chelsea asked that the FA Cup quarter-final this weekend in Middlesbrough be played behind closed doors as the absence of Blues away fans would have been detrimental to the “sporting integrity” of the match and competition. However, the West London club withdrew this request after a strong backlash from the football community.

However, the government wants Chelsea to start selling tickets again as soon as possible, and one of the proposals they are working on is to transfer responsibility for ticket sales to a third party.

A third party will monitor ticket distribution to ensure that Roman Abramovich does not benefit from the proceeds in any way.

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