Chelsea

Raine group and UK government insiders make choice on Chelsea’s prospective buyer amidst bids from top candidates

According to numerous reports, we are currently in the final week of bidding for Chelsea football club and as per Sky SportsKaveh Solhekol, the picture could start getting clearer as from Friday.

Reports emerged some hours ago that the Saudi Arabian consortium that has been dominating the headlines for the past couple of days, Saudi Media have tabled their bid to buy Chelsea worth over $3 billion.

However, according to Time Sport, it is a consortium led by Todd Boehly and Jonathan Goldstein that has emerged as the leading contender to buy Chelsea.

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The report states that the Boehly-Wyss-Goldstein group is now viewed as the most viable option, both by the Raine Group, (the bank tasked with making the sale) and the UK government insiders, who believe the consortium has the financial resources and wherewithal to get a deal done quickly.

Saudi media are actually a mouthwatering prospective owners of Chelsea but doubts have been raised from different quarters about the feasibility of selling to a party from a politically sensitive country despite the consortium not having any direct links with the Saudi Arabian government.

If carefully scrutinized, Saudi Media could easily come out clean as a private entity not linked to the Saudi Arabian government but more reports are suggesting that it would be easier and smoother to sell to a British or American based consortium.

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