Aethel Partners make a bid of over £2 billion to buy Chelsea

London-based investment firm Aethel Partners have made a bid of over £2 billion to purchase Chelsea, with lucrative terms on offer.

According to Matt Law of the Daily Telegraph, Aethel Partners have made a definitive bid worth over £2 billion to buy Chelsea. The London-based investment firm have included several lucrative terms to push their offer through, although a firm decision would be made after Raine Group evaluates all proposals.

Raine Group have been put in charge of evaluating possible offers coming in to buy Chelsea Football Club before Friday’s deadline to submit the bids. As expected, there are plenty of competitors in the race to take over the reins of the west London club from Roman Abramovich, as Aethel Partners become the latest party to make a sizeable offer.

Aethel Partners is a London-based global private equity, alternative asset management and financial services firm. The group is led by Ricardo Santos Silva, a Portuguese investor and American investor Aba Schubert. Their background does not elevate into sports or managing a franchise side before.

It has been reported that bidders with previous or current experience running a sports team could be given some level of preference, which could work against Aethel Partners. However, in the end, it will be important for the bidders to bring more to the table with their terms and what they could offer in terms of Chelsea’s future.

In that aspect, Aethel Partners, as part of their bid, have also promised several positive actions in the immediate and mid-term future of the club. According to Matt Law, the London based investment firm are ready to pump in £50 million immediately to ease Chelsea’s financial pressure and finish the season properly.

They have also given their backing to Thomas Tuchel to remain as Chelsea’s manager while also committing towards redeveloping Stamford Bridge in its current site. Those terms coming out of Aethel Partners’ offer may seem solid and something for Raine Group to consider before deciding on the winning bid.

Also Read: Chelsea and Abramovich in limbo: What do the UK government sanctions mean for the club?

Meanwhile, Chelsea are set to receive some relaxation from the UK Government, amidst their struggles due to the financial constraints imposed by the sanctions. Friday’s deadline is coming close, and a definitive new owner could be named after a thorough vetting of all offers received by Raine Group.

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