Chelsea’s next owner will primarily be picked by the Raine Group rather than the UK government.
The Raine Group, who are the US bank in charge of overseeing a takeover at Stamford Bridge, will reportedly select the new ownership for the Blues. A deadline for all bids has been heavily shared in the media as this Friday.
According to Football.London, the government won’t play an “active role” in the selection process for Chelsea’s next owner.
It is explained a successor to current owner Roman Abramovich will be selected by the Raine Group, with plenty of speculation about potential buyers already coming forward.
However, the government will step in once an investor is selected and need to approve the sale. Their role is to ensure Abramovich makes no financial gain, as well as grant another special licence to permit the takeover.
Afterwards, potential investors will have to go through one final process of passing the Premier League’s Owners’ and Directors’ Test before officially becoming the new owners of the club.
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It’s a positive that the government’s role in actually selecting the new ownership is minimal. Of course, they’re there to do the necessary checks before it’s approved.
As it stands, Blues supporters face a nervous wait to hear who emerges as the new owner.
New York Jets co-owner Woody Johnson was linked last night with a £2billion bid to buy the club, which he’s confident can be wrapped up before Friday’s deadline.
Elsewhere, the Saudi Media Group has been linked with a £2.7million offer.
Most importantly, it’s been reported that the Raine Group view a consortium led by Todd Boehly and Jonathan Goldstein as the “most viable option” to buy Chelsea.
All should become clear in the next few days.
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