LONDON, ENGLAND - DECEMBER 16: A corner flag is seen close up during a Premier League match between Chelsea and Everton at Stamford Bridge in London, England on December 16, 2021. (Photo courtesy of Getty Images/Mike Hewitt)
Since Russia's decision to attack Ukraine, Chelsea has been in the news nonstop. Despite being one of the least essential components of the terrible war, the Blues found themselves in the core of the battle, at least in the eyes of the media. Chelsea's Russian owner, Roman Abramovich, was quickly scrutinized by governments all over Europe, with the United Kingdom at the forefront. The oligarch has now been sanctioned by the British government, and the club has suffered as a result for almost a week.
Until the club finds a new owner, day-to-day operations will be impossible to recommence. Abramovich has made a formal announcement.
Until the club finds a new owner, day-to-day operations will be impossible to recommence. Chelsea has been trying to find a buyer since Abramovich indicated he would be selling the club ahead of the game against Luton Town. The Raine Group (New York) has been assigned by the club and the English government with handling the sale. In the interests of speeding up the process, the capital market business designated last Friday as the deadline for any serious interested parties to submit offers. The Blues have been given encouraging news concerning the timeframe of the takeover as reports about prospective new owners continue to circulate.
Chelsea has received good news on the completion of the takeover.
Given the stakes, time is of the importance in this process. Many within the club have stated that Chelsea will not be able to endure the present sanctions for more than a few months. As a result, all parties concerned will have to complete the process of bringing in a new owner and taking over in record time.
However, this does not imply that the procedure gets any less difficult. A series of exams will be required of the lucky recipient. First, the government will analyze the new possible owner(s) to guarantee that the takeover would not cause any political problems. The Premier League will then have a say as the people who want to buy the club go through the Owners' and Directors' exam. Only once these processes have been completed will the Blues be given permission to proceed with the takeover and, presumably, resume normal operations.
According to Mark Kleinman of Sky News, The Raine Group has informed the UK government that it plans to sign, seal, and deliver a new deal by the end of April. Chelsea will be overjoyed because this implies the procedure will be completed in approximately six weeks, which is a ridiculously short turnaround for such a complicated affair. The Raine Group has done an outstanding job thus far, requiring serious bidders to submit additional evidence by the deadline in order to skip a few steps. According to Matt Law, there is a growing sense that it will have limited the list to two or three serious bidders by early next week.
It's critical that this trade be completed as soon as possible so that the Blues have enough time to complete their business before the end of the season. A number of players (Cesar Azpilicueta, Andreas Christensen, and Antonio Rudiger) are poised to leave for free this summer because their contracts will expire and the club will not be able to re-sign them. Chelsea will also need to continue molding the group to manager Thomas Tuchel's liking, as the German has been instrumental in guiding the club through this unique period with great success.
There's no way of knowing who will be the new owner, but there are a few contenders who have stood out from the crowd thus far for various reasons. In recent weeks, the Todd Boehly-led consortium, the Ricketts family, and Nick Candy have all expressed an interest in purchasing the Blues. Supporters have obvious favorites, and before the end of next month, they should know who will be the new owner of their beloved Chelsea.
Who do you want to be the new owner of the Blues? Let us know what you think in the comments section or on Twitter!
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