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British consortium reveal bid to buy Chelsea

British consortium reveal Chelsea bid
© Reuters
A British-led consortium made up of Chelsea supporters has revealed that they have made an offer to buy the Premier League club.

A British-led consortium has been formed in a bid to buy Chelsea, the group claiming to oversee as much as £40bn in assets.

After the deadline for offers passed on Friday, each proposal is now being assessed ahead of a shortlist being reduced to a handful of candidates.

Centricus co-founder Nizar Al-Bassam, Cheyne Capital's Jonathan Lourie, Talis Capital's Bob Finch and Centricus CEO Garth Ritchie have come together, the quartet all being Chelsea's season-ticket holders.

Speaking to the Daily Mail, Al-Bassam feels that it is imperative to get new owners in as soon as possible due to Chelsea "bleeding money" on the back of sanctions which have recently been imposed by the government.

Al-Bassam said: "We oversee £40bn assets. We've been focused on content for a number of years, the FIFA work, the UEFA work, is all built around our view that content is a very, very dominant aspect of technology going forward and sports is a very core, key aspect of content.

"There's a clock ticking because the club is bleeding money at a faster rate than it should be while there's uncertainty there.

"I've had the same seats in the Tambling suite and the same seats in the West Stand for 10 years. I'm worried for the staff there when I see this turmoil."

Further developments regarding a sale and current sanctions are expected before Chelsea are back in action against Brentford on April 2.

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TeamPWDLFAGDPTS
1Manchester CityMan City29224368185070
2Liverpool29216275205569
3Chelsea28178357193859
4Arsenal28173844311354
5Tottenham HotspurSpurs291631047361151
6Manchester UnitedMan Utd2914874840850
7West Ham UnitedWest Ham301461049391048
8Wolverhampton WanderersWolves30144123126546
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12Crystal Palace2971393938134
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14Newcastle UnitedNewcastle29710123249-1731
15Brentford3086163347-1430
16Leeds UnitedLeeds3078153467-3329
17Everton2774162947-1825
18Watford2964192955-2622
19Burnley27312122238-1621
20Norwich CityNorwich2945201863-4517

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