MX23RW : Sunday, May 19 17:46:44| >> :60:2013:2013:

Chelsea bidders looking to "maintain existing management"

Chelsea bidders looking to
© Reuters
Global investment firm Centricus say they will maintain the existing management at Chelsea if their bid to buy the club from Roman Abramovich is successful.

Global investment firm Centricus, who are making a bid to buy Chelsea from Roman Abramovich, have claimed that they will maintain the existing management team at the club.

It is reported that at least four consortiums have made a bid to buy the Blues, and it is believed that those bidding will be cut down to a shortlist this week, before a sale is completed by the end of March.

Centricus are expected to need to improve on their latest bid as British property investor Nick Candy increased his £2bn bid on Monday, after a large Korean financial institution joined his consortium.

In a statement, Centricus said: "We will be committed to supporting [Chelsea] and its key stakeholders to ensure its continued success.

"Our financing for the deal includes funding for the completion of the transaction and funding for working capital required for the day-to-day operations of the CFC Group, funds required to maintain an elite global brand, investment in grassroots and in-community football initiatives such as the Chelsea Academy, the women's team, the youth development programme and the Chelsea Foundation and strategic real estate investment.

"The intention is to maintain and support existing management on both the business and sporting operations of the CFC Group. We intend to maintain the existing strategy direction.

"Clearly, the CFC Group has been operating in challenging conditions and we appreciate the importance for the CFC Group, the fans and other key stakeholders of ensuring a smooth and stable ownership transition."

Centricus, who hold £29bn in assets, are believed to have many Chelsea season ticket holders in their ranks.

ID:481360:1false2false3false:QQ:: from db desktop :LenBod:collect2143:

Chelsea up for sale - Click here for more stories

Click here for more stories about Roman Abramovich

Click here for more stories about Chelsea

Collect / Create New Data
Share this article now:
Nick Candy celebrates as Chelsea's Kai Havertz scores against Newcastle United on March 13, 2022
Read Next:
Nick Candy 'submits improved bid for Chelsea'
>
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free match previews newsletter! Updates are sent twice a week.
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
CManchester CityMan City38287396346291
2Arsenal38285591296289
3Liverpool382410486414582
4Aston Villa382081076611568
5Tottenham HotspurSpurs382061274611366
6Chelsea381891177631463
7Newcastle UnitedNewcastle381861485622360
8Manchester UnitedMan Utd38186145758-160
9West Ham UnitedWest Ham381410146074-1452
10Crystal Palace381310155758-149
11Brighton & Hove AlbionBrighton381212145562-748
12Bournemouth38139165467-1348
13Fulham38138175561-647
14Wolverhampton WanderersWolves38137185065-1546
15Everton38139164051-1140
16Brentford38109195665-939
17Nottingham ForestNott'm Forest3899204967-1832
RLuton TownLuton3868245285-3326
RBurnley3859244178-3724
RSheffield UnitedSheff Utd38372835104-6916


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!