The Ricketts family abandons the purchase of Chelsea

Tom and Laura Ricketts, owners of the Chicago Cubs baseball franchise, have faced hostilities from supporters of the London club, which had implicated family patriarch Joe Ricketts, who was accused of Islamophobia in 2019 after escaping some of his emails.

The American consortium, led by the Ricketts family, announced on Friday that it had withdrawn its bid to buy Chelsea the day after the deadline for bids to take over the club, which is up for sale from its Russian owners, closed. Roman Abramovich.

in an opinion, Tom etc Laura Rickettsthe owners of the Chicago Cubs baseball franchise, and their partners, the American billionaires Ken Griffins etc Dan Gilbertsay they have made up their minds “Do not make a final offer for Chelsea”due to the lack of agreement on the final composition of their proposal.

In addition to this consortium, three candidates had expressed their desire to submit an offer to the New York investment bank Raine Group on time: Todd Boehlyco-owner of another baseball franchise – the Los Angeles Dodgers -, Martin Broughtonformer chairman of Liverpool, and Steve Pagliuca, co-owner of the Boston Celtics basketball club.

The Ricketts’ takeover bid had been criticized by Chelsea supporters, who accused family patriarch Joe Ricketts of being accused of Islamophobia in 2019 after some of his emails were leaked. The latter – not involved in the proposed acquisition – apologized for his comments, and the family said so in a statement last month “strongly rejects any form of hate”. According to the British media, however, this controversy has nothing to do with the withdrawal of the takeover bid.

Chelsea were put up for sale on March 2 by Abramovich, who had anticipated British government sanctions against pro-Kremlin oligarchs Vladimir Poutine since the invasion of Ukraine. The club obtained a special government license that allowed it to continue its activities, but under strict conditions.

The American consortium led by the Ricketts family announced on Friday that it had withdrawn its bid to buy Chelsea, one day after the application deadline for the takeover of the club, which is up for sale from Russian owner Roman Abramovich. In a statement, Tom and Laura Ricketts, owners of the Chicago Cubs baseball franchise, and their partners, American billionaires Ken Griffin and Dan Gilbert, say they have decided “not to make a definitive offer for Chelsea FC” because it is on missing offers lack of agreement on the final composition of their proposal. In addition to this consortium, three candidates had expressed a desire to make an offer to New York investment bank Raine Group before the deadline set for Thursday: Todd Boehly, co-owner of another baseball franchise – the Los Angeles Dodgers -, Martin Broughton, former chairman of Liverpool, and Steve Pagliuca, co-owner of the Boston Celtics basketball club. The Ricketts’ takeover bid had been criticized by Chelsea supporters, who accused family patriarch Joe Ricketts of being accused of Islamophobia in 2019 after some of his emails were leaked. The latter – not involved in the takeover proposal – apologized for his comments, and the family said in a statement last month that they “will reject in the strongest terms any form of hate”. According to the British media, however, this controversy has nothing to do with the withdrawal of the takeover bid. Chelsea were put up for sale on March 2 by Abramovich, who had been expecting British government sanctions against pro-Kremlin oligarchs and Vladimir Putin since the invasion of Ukraine. The club obtained a special government license that allowed it to continue its activities, but under strict conditions.

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