Football

Chelsea season-ticket holders reveal bid for the club on sale

Consortium of season-ticket holders submitted a bid to buy Chelsea FC. | PHOTO: Getty Images |
  • A consortium of season-ticket holders confirmed they made a bid to buy on sale Chelsea Football Club
  • The group confirmed they submitted their bid to the Raine Group before Friday’s deadline day
  • The Raine Group is expected to make an announcement of the few bids to have passed the first stage of the selling of the London-based football club

With the deadline takeover bids for Chelsea now passed, a British-based consortium led by the club’s season-ticket holders has confirmed that they made a bid.

London-based firm Centricus joined forces with Jonathan Lourie of Cheyne Capital, and Talis Capital’s Bob Finch to get a bid submitted to Raine Group before Friday’s deadline.

As reported by The Times, the group are led by Chelsea fans. Lourie and Finch are both season-ticket holders at Stamford Bridge, as are Centricus co-founder Nizar Al-Bassam and CEO Garth Ritchie.

“I’ve had the same seats in the Tambling suite and the same seats in the West Stand for ten years,” Al-Bassam said. “I’m worried for the staff there when I see this turmoil. We see the same people hosting us when we walk in. They’re amazing to us. We see the same people in the stands looking after us and I’m feeling for them.”

He continued to say that they tried to focus on a proposal that will align the ownership of the club with long-term investors with a deep history with the club. He went on to say that keeping it an entirely British finance proposal is core to that.

“There are plenty of very successful clubs financed by international investors but in this case after two decades of exceptional success by the club, the club has the fanbase with the resources to support the club to maintain that success. That’s what’s very unique about this proposal.”

Chelsea are considering bids

Chelsea led by The Raine Group is currently considering bids submitted by several potential buyers. | PHOTO: Craig Mercer/MB Media/GettyImages |

As part of their bid, the group have pledged to try and keep Marina Granovskaia in her current directors’ role, while there is also a hope to use Chelsea as a parent club to a number of different sides across the globe.

Ritchie added: “Chelsea are one of the very few unique iconic global brands that have come about by unfortunate circumstances, and that’s not lost on us, but the commercial opportunity around an iconic global name in a sport that is continuing to grow means there has to be commercial viability here.

“We have experience of managing big and complex organisations. We are regulated by the Financial Conduct Authority. Not only do you have the FA making sure you don’t do anything wrong, you also have the FCA making sure you stay in your swim lane.

“We would definitely want to invest in the company, the players and surroundings. It’s why we keep talking about having ‘patient’ capital. The people supporting us have deep pockets of capital. Us being fans, we want to win and we need to invest and if we win the brand continues to grow back.”

The Raine Group is expected to make an announcement of the bids that passed the first stage of the vetting process anytime between today Monday, March 21 and Tuesday, March 22 2022.

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