MX23RW : Saturday, December 14 21:17:20| >> :60:320:320:

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:collect2296:
Written by
Sammy Wynne

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 daily transfer newsletter! Sent twice a day during the transfer window.
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool15113131131836
2Chelsea1594235181731
3Arsenal1686229151430
4Nottingham ForestNott'm Forest168442119228
5Manchester CityMan City158342721627
6Aston Villa167452425-125
7Brighton & Hove AlbionBrighton156632522324
8Bournemouth157352320324
9Fulham166642422224
10Brentford157263128323
11Newcastle UnitedNewcastle166552321223
12Tottenham HotspurSpurs1562731191220
13Manchester UnitedMan Utd155461918119
14West Ham UnitedWest Ham155372028-818
15Everton153661421-715
16Leicester CityLeicester163582134-1314
17Crystal Palace152761420-613
18Ipswich TownIpswich162681628-1212
19Wolverhampton WanderersWolves1623112440-169
20Southampton1512121131-205


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!