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Nick Candy has “significantly” increased his bid to buy Chelsea, a spokesman for the British real estate magnate confirmed, following the confirmation of a new bidder on Monday.
chelsea fan Candy has secured additional funding through another South Korean financial backer, allowing the 49-year-old to make an improved offer to the Stamford Bridge club.
Chelsea’s suitors faced a nervous wait on Monday night when New York bank Raine Group drew up a shortlist of favorite bidders who could be as tight as three parties.
Amid Candy’s improved offer, MP for Chelsea and Fulham Greg Hands revealed a “useful” phone call with Tom Ricketts, head of the Chicago Cubs-owned Ricketts family’s bid to buy the Blues.
Candy added South Korean investors Hana Financial Group and C&P Sports Group to the bid he made to Raine Group on Friday.
But the London billionaire has now strengthened his hand further in the hope of pushing into Raine’s shortlist.
“Nick Candy has improved his UK-led bid to buy Chelsea Football Club following the addition of another major international supporter to his Blue Football Consortium,” a Candy spokesman said.
Mr Candy made a bid of more than £ 2 billion to The Raine Group on Friday, but has now increased this significantly after another major Korean financial institution joined his consortium over the weekend.
“Evidence of the additional funds has been sent to The Raine Group.”
Roman Abramovich put Chelsea up for sale on March 2 amid Russia’s continued invasion of Ukraine.
The Russian-Israeli billionaire was then sanctioned by the British government on March 10, where Downing Street claimed to have proved the 55-year-old’s direct links to Vladimir Putin.
Abramovich’s British assets are all frozen except Chelsea, where the club operates under a strict government license.
Abramovich can not profit from Chelsea’s sale, but had already promised to write off the club’s £ 1.5 billion.
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No shortage of Chelsea bidders
US-backed bids from LA Dodgers co-owner Todd Boehly and Chicago Cubs owners The Ricketts family are among the frontrunners to take over Chelsea.
Conservative MP Hands even offered Ricketts a boost by explaining a call with Chicago bidders Monday night, insisting he was “happy to meet with other bidders”.
Sir Martin Broughton and Lord Sebastian Coe have yet another potent bid filed, while Saudi Media Group is another of the bids understood to carry punch, and Raine is moving quickly through the process given Chelsea’s need for a quick transfer of ownership.
London-based global investment firm Centricus on Monday confirmed its bid to buy Chelsea with a consortium of four Blues supporters.
Centricus co-founder Nizar Al-Bassam and CEO Garth Ritchie launched the bid along with Cheyne Capital’s hedge fund manager Jonathan Lourie and Talis Capital’s Bob Finch.
However, Candy refused to give up on his “once-in-a-lifetime” bid to buy Chelsea with law firm Squire Patton Boggs firmly on board.
“The Blue Football Consortium has access to instant capital with funds readily available for implementation from day one,” said Squire Patton Bogg’s partner Brian Gordon.
“The bid is taken from credible co-venturers whose attitude to management is top-notch.”
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