THE public lobbying to be chosen as a preferred bidder for Chelsea stepped up on Monday as increased offers were being mulled by bankers tasked with selling the English Premier League club for sanctioned owner Roman Abramovich.
British property tycoon Nick Candy revealed he “significantly” increased the amount offered, having already submitted a bid of more than 2 billion pounds ($2.6 billion) for the club on Friday to the New York-based bank the Raine Group, overseeing the process.
Abramovich is being forced to sell the reigning world and European champions after he was sanctioned in Britain and his assets were frozen as part of a crackdown on oligarchs following Russia’s invasion of Ukraine. The Russian was also disqualified from running the west London club and being a director by the Premier League.
The British government has to approve a license for the buyout which cannot see Abramovich receive any proceeds from the
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