UK government representative confirms stance over four remaining Chelsea bids

The UK government will leave the outcome of the sale of Chelsea to be decided solely by the club, the government representative confirms.

There are several parties involved in the process of the sale, including the UK government, but its role in the takeover process was not very clear.

Amid the sanctioning of club owner Roman Abramovich, Chelsea will eventually have to apply for another licence to authorise the sale.

However, the UK government confirms that it will remain neutral amid the race among the remaining bids and does not have any influence over the decision-making process.

Photo by DANIEL LEAL/AFP via Getty Images

“The Government does not want to pre-judge any decision Chelsea may make as it is a decision for them to ensure the best owners for the club are found,” Baroness Penn, a representative of the UK government, explained. (via The Independent).

“We would expect all due diligence and assessment of owners to happen before an application for a licence for the sale of the club to be made.

“It is correct that the financial sanctions do not change the ownership of frozen assets.

“We do not control the frozen assets, and it is for the club to determine the process of the sale.

“The Government’s role in this is to consider any licence application under the sanctions on its own merits, and that is what the Government will do.”

Photo by DANIEL LEAL/AFP via Getty Images

This supports previous reports which suggested that the key people at Chelsea, including club chairman Bruce Buck, directors Marina Granovskaia and Eugene Tenenbaum, would ultimately choose the eventual new owners.

Raine Group, on the other hand, plays an advisory role, while being in charge of the sale as an investment bank.

The four shortlisted bidders are reportedly allowed to arrange tours and meetings with the key figures at Chelsea, including men’s team head coach Thomas Tuchel, ahead of the mid-April deadline for final offers.

The sale is expected to be completed by the end of April.

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A Chelsea fan who loves football statistics. Studied sports journalism at the University of Sunderland.