LONDON (AP) — The owner of Medina Spirit, a horse that won the Kentucky Derby but was disqualified, is among the candidates to acquire English Premier League club Chelsea as part of the accelerated search for a new owner, he said. on Tuesday a person briefed on the procedure.
–
Amr Zedan, a Saudi investor who was born in Los Angeles, registered his offer with the Raine Group — the bank that controls the sale of the European champion, the person, who requested anonymity because he is not authorized to speak, told The Associated Press. publicly of the tender.
–
The investor is a director of the Zedan Group, which is involved in the energy and petrochemical sector in Saudi Arabia and which includes Zedan Racing Stables.
–
Roman Abramovich was forced to sell Chelsea after the British government sanctioned the oligarch for his closeness to Russian President Vladimir Putin following the Russian invasion of Ukraine.
–
Zedan joins a list of at least six public bidders. The sale could fetch 3 billion pounds ($4 billion) and Zedan is working on getting more financing.
–
The millionaire has not been linked to the Medina Spirit doping scandal, which tested positive after the Kentucky Derby in May.
–
The British government has to approve a license for the acquisition, from which Abramovich cannot receive any profit.
–
A consortium that has bid includes Todd Boehly, a part owner of the Dodgers; Swiss billionaire Hansjorg Wuss, and Jonathan Goldstein, a London property investor. His offer would exceed 2.5 billion pounds ($3.3 billion).
–
Michael Broughton, former chairman of Liverpool and British Airways, leads a group that includes Sebastian Coe, chairman of World Athletics and a Chelsea fan.
–
The Ricketts family, which owns the Chicago Cubs, has teamed up with hedge fund manager Ken Griffin. Joe Ricketts made his fortune from it as president of the electronic trading platform TD Ameritrade. His son Tom is president of the Cubs.
–
British property tycoon Nick Candy revealed on Monday that he had “significantly” increased the initial offer of 2 billion pounds ($2.6 billion). The group known as “The Blue Football Consortium” proposes investment from South Korean companies such as Hana Financial Group, C&P Sports Group and an undisclosed third party.
–
London investment firm Centricus, which it claims controls assets of $38 billion, also submitted a bid.
–
–
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
–
