Report: 62-year-old billionaire offers to help potential buyers bid for Chelsea, but won't become owner himself
American billionaire Antony Ressler will reportedly extend financial support to those planning on bidding for Chelsea.
According to The Telegraph, Ressler’s investment company, Ares Management, has stepped forward to provide some funding to those queuing up to buy the Blues.
Who is Antony Ressler?
The experienced businessman got onto the wealthy ladder properly when he co-founded the private equity firm Apollo Global Management in 1990.
Seven years later, he also co-founded Ares Management, stepping down as CEO to become executive chairman in 2017.
He owns a large slice of the NBA’s Atlanta Hawks, alongside a much smaller share in the Milwaukee Brewers baseball team.
Like many of those interested in replacing Roman Abramovich at the top of Chelsea’s food chain, Ressler’s only experience owning a sports organisation is that of the American variety.
However, unlike the prospective buyers lining up outside Stamford Bridge, the 62-year-old is apparently not in the running for Abramovich’s empire.
Instead, he will help from afar by sending cash care packages to those who require it.
Who else could buy Chelsea?
Ares Management’s money looks likely to go to Nick Candy, the Chelsea fan preparing to move for the club.
Candy attended Sunday’s home game against Newcastle United, a decent PR pitch for those making the decisions on Abramovich’s behalf.
The property developer has until Friday to submit his final proposal to the Raine Group, with several other offers surely following suit.
90min claim that there are up to 20 interested parties all considering pitching to win the rights to the Blues.
Todd Boehly and Hansjorg Wyss’ consortium is another leading candidate, along with Newcastle co-owners, the Reuben brothers.
The brothers possibly watched on as their side were narrowly beaten by Chelsea yesterday, an indication of their present Premier League project heading in the correct direction.
Meanwhile, Thomas Tuchel’s employers are seriously facing the prospect of turning back the clock to the days without silverware, unless a new owner can be located soon.