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Factbox: List of confirmed bidders to buy Chelsea

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A shop selling the merchandise of Chelsea Football Club is seen closed at Stamford Bridge after Britain imposed sanctions on its Russian owner, Roman Abramovich, in London, Britain, March 10, 2022. REUTERS/Hannah Mckay

Following is a list of confirmed bidders that have announced they will seek to buy English soccer club Chelsea after Russian team owner Roman Abramovich was hit by UK government sanctions following Russia’s invasion of Ukraine.

NICK CANDY, HANA FINANCIAL INVESTMENT COMPANY LIMITED AND C&P SPORTS LIMITED

South Korea companies Hana Financial Investment Company Limited and C&P Sports Limited have joined forces with British Property developer Nick Candy to make a bid for Chelsea.

Candy, a lifelong Chelsea fan, has also been joined by former Blues player and manager Gianluca Vialli as he prepares his bid.

Sky News reported that a central part of Candy’s pitch to buy Chelsea was the proposal to offer a seat on the board to fans and he was in talks with financiers about them joining his bid ahead of a deadline for offers at the end of the week.

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He will also offer short-term funding if Chelsea face a cash crunch, the report added.

Hana Financial Group is the title sponsor of the Korean Football League and the national soccer team.

C&P Sports has worked on commercial deals with several big clubs in the last 10 years, such as Kumhos Tyres with Tottenham Hotspur, Nexen Tyre with Manchester City and Hyundai Motors with Atletico Madrid.

AETHEL PARTNERS

London-based financial firm Aethel Partners said they have put in a bid of over two billion pounds for Chelsea, adding that they will provide the club with an immediate sum of 50 million pounds to deal with any short-term financial issues.

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Aethel Partners was established in 2014. It was founded by Ricardo Santos Silva, former deputy president of hedge fund Lyxor Asset Management, and Aba Rosa Schubert, who was previously a partner at Eton Park Capital Management, a hedge fund.

MARTIN BROUGHTON AND SEBASTIAN COE

World Athletics President Sebastian Coe has joined a consortium including former Liverpool chairman Martin Broughton that hopes to buy Chelsea.

“I am certain Sir Martin is the right man to lead Chelsea Football Club into its next chapter,” Coe said in a statement to British media. read more

Broughton is the deputy chairman of International Airlines Group, which owns British Airways and Iberia.

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THE RICKETTS FAMILY AND KEN GRIFFIN

The owners of U.S. baseball team the Chicago Cubs, the Ricketts family, have teamed up with Citadel founder Ken Griffin to work on a bid to buy Chelsea, a spokesperson for Griffin said. read more

The Ricketts family expressed interest in acquiring a controlling stake in Italian club AC Milan in 2018.

They have formed an investment group which is set to make a formal offer for the London club on Friday.

Reuters has been told the bid does not involve Citadel, the hedge fund business, only Griffin.

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HANSJOERG WYSS AND TODD BOEHLY

Swiss billionaire Hansjoerg Wyss, who had expressed interest in purchasing Chelsea along with LA Dodgers co-owner Todd Boehly, told Swiss newspaper Blick that he remained interested in a deal. read more

Wyss, 86, made a large share of his fortune by selling med-tech company Synthes Holding AG to Johnson & Johnson in 2012 for nearly $20 billion.

Boehly previously considered making a takeover offer for Tottenham Hotspur in 2014 through Cain Hoy Enterprises, a U.S. private investment company, of which he is one of the founders.

Conservative peer Daniel Finkelstein said he was also a part of the bid.

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“I’m passionate about Chelsea to the point of eccentricity,” Finkelstein wrote on Twitter. “I want owners who will invest but are also insightful and use modern methods to keep our club on top of the world.”

($1 = 0.7593 pounds)

-Reuters

 

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Kunle Solaja is the author of landmark books on sports and journalism as well as being a multiple award-winning journalist and editor of long standing. He is easily Nigeria’s foremost soccer diarist and Africa's most capped FIFA World Cup journalist, having attended all FIFA World Cup finals from Italia ’90 to Qatar 2022. He was honoured at the Qatar 2022 World Cup by FIFA and AIPS.

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Governing Bodies

Sanusi set for record-extending tenure as Nigeria’s football politicians assemble in Asaba

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BY KUNLE SOLAJA.

Speculations gathered ahead of the 2024 Annual General Meeting of the Nigeria Football Federation holding in Asaba on Friday have it that tenure elongation for the General Secretary, Dr. Mohammed Sanusi, is a major item on the agenda.

Neither formal confirmation nor denial has been issued since one of the leading newspapers in Nigeria, ThisDay dropped the hint.  

 The agenda of the meeting is also not made public. Dr, Sanusi is the longest-serving General Secretary in history having been in office from 30 March 2015 making 3,476 days or nine years six months and four days.

It easily drowned that of his closest rival in tenure – Sani Toro whose tenure from 21 December 1993 to 3 May  1999 is merely 2020 days or five years, six months and 12 days.

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 Thus, no one had enjoyed a longer period in office than the incumbent, Dr. Mohammed Sanusi.  It is speculated that the tenure will be extended as NFF has reported that all delegates have arrived in the Delta State capital by Thursday evening.

The NFF Annual General Assembly, the first of which took place 90 years ago in Lagos on 19 February 1934, is the biggest assemblage of football administrators and stakeholders in the country.

In one such meeting on 24 July 2008 in Makurdi, the football body changed its name from NFA to NFF.

This year, according to a press release by the NFF, the plenary will have in attendance, the chairmen and secretaries of football associations in the 36 States and the Federal Capital Territory, chairmen and secretaries of the Nigeria Premier Football League, Nigeria National League, Nigeria Women Football League and the Nationwide League One, as well as chairmen and secretaries of the referees’ association, players’ union and coaches’ association. This group of 88 makes up the Congress.

 They are joined by the members of the NFF Executive Committee and the management team as well as former NFF Presidents and General Secretaries.

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The Minister of Sports Development, John Owan Enoh, is announced as the special guest. Nigeria’s Member of the FIFA Council, Amaju Melvin Pinnick is also expected as well as a representative of the West African Football Union (WAFU B).

The Governor of Delta State, Sheriff Francis Oborevwori will declare the General Assembly open. 

Venue is the Unity Hall of the Delta State Government House.

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Governing Bodies

Like in Egypt, former Nigerian Olympian, Sadiq Abdulahi wants Tinubu to declare ‘State of Emergency’ in Sports

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Former Nigerian tennis player and Olympian, Prof. Sadiq Abdulahi has called for drastic action to arrest the decline of Nigeria in global sporting events.

  The former tennis player who is now a professor in the United States declared that the “failure to win a medal at the regular 2024 Paris Olympics, the few medals at the Paris Paralympic and the fallout at the National Youth Sports Festival has exposed the deep problems facing the sport’s sector.”

  He wants Nigeria to have the same approach that the Egyptian president has taken while reacting to the country’s performance at the Paris 2024 Olypics.

Egypt’s President Abdel-Fattah al-Sisi ordered  a comprehensive evaluation of sports federations that  participated at the Paris Olympic Games, following a mission report submitted by the country’s sports minister.

 According to Prof. Abdulahi, the National Sports Federations charged with the preparation of elite athletes have failed to do their job despite the cry for funding from the government.

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“Federal Government cannot adequately fund all the Olympics sports. It is impossible.

“By declaring a state of emergency, new people, new approaches and new funding models will be identified. More importantly, the Federal Government will redefine grassroots sports development.

“We will lay sustainable foundation for sports development.”

Continuing, he called for the return of the National Sports Commission (NSC) which enabling decree was abolished through Decree No. 7 of 1991, but came back through presidential proclamation under Sani Abacha before it was abolished again.

 The original NSC was established in 1964 as National Sports Council before the promulgation of Decree 34 of 1971 which legalised it as  the apex Federal Government agency to control, regulate and organize sports.

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  “The FG may now bring back the National Sports Commission or the National Sports Authority. Our emerging national economy with the full participation of the private sector can support this new beginning. I hope this helps.” 

RELATED STORY: President Al-Sisi orders sports system overhaul

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Governing Bodies

CAF gives Yoruba and Arabic interpretations of  ‘OLA’ the Super Cup 2024 Official Match Ball

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The Confédération African of Football, CAF, has given the linguistics interpretation of OLA, the confederation’s official match balls produced by Puma which has also unveiled a special edition for the Super Cup duel holding on Friday in Saudi Arabia.

According to CAF, OLA, symbolizing the dynamic and energetic nature of African football, means “wealth,” “honour,” and “respect” in Yoruba and “rise” and “success” in Arabic.

The OLA ball stands out with its vibrant design and cultural significance. “OLA” 

The ball is a mix of black and gold, representing power and sophistication. The ball will be the centrepiece of the eagerly-awaited match between the two giants of African football.

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