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Takeover of Chelsea: the consortium led by the Ricketts family withdraws its offer to buy a Premier League club | Soccer News

The Ricketts family-led consortium, which was one of four final shortlisted candidates to buy Chelsea, withdrew its bid.

The Ricketts family, owners of the Chicago Cubs baseball team, had teamed up with US billionaires Ken Griffin and Dan Gilbert and planned to submit a cash bid for Chelsea.

However, those plans are now complete, as consortium members were unable to agree on the final composition of the deal.

In a statement on Friday, the consortium said: “The Ricketts-Griffin-Gilbert Group have decided, after careful consideration, not to submit a final offer for Chelsea FC.

“During the process of finalizing their proposal, it became increasingly clear that some issues could not be resolved given the unusual dynamics surrounding the sales process.

“We have great admiration for Chelsea and their fans, and we wish the new owners the best of luck.”

Final offers for Chelsea were due to be submitted to Raine Group, the bank handling the sale, on Thursday.

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