Sport

Billionaire group planning Chelsea takeover headed by Seb Coe and Sir Martin Broughton swears huge transfer investment

THE CONSORTIUM led by Seb Coe and Sir Martin Broughton trying to buy Chelsea, has vowed to make serious investments so the club can continue to compete for European titles.

Owner Roman Abramovich has put the reigning Champions League home up for sale – with a valuation of £3bn – after his assets were frozen by the British government following Russia’s invasion of Ukraine.

Coe (pictured) and Broughton plan to pump huge amounts of money into the Chelsea squad

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Coe (pictured) and Broughton plan to pump huge amounts of money into the Chelsea squadCredit: EPA
Broughton was formerly chairman at Liverpool

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Broughton was formerly chairman at LiverpoolCredit: AFP

Olympic doubles champion Coe and British businessman Broughton submitted an official “competitive” bid on Friday to take over the Stamford Bridge club – with global supporters from four different continents.

All proceeds from the sale will be “delivered without delay to the victims of the ongoing humanitarian crisis caused by Russia’s invasion of Ukraine”.

The pair – lifelong Chelsea fans – have promised fans that they will “invest in the club to keep it at the forefront of European football”.

They say there will be “immediate commitment to invest in new players, team facilities and new commercial opportunities”.

The contractors want to “move quickly to resume all normal club operations, avoid serious delays and protect fans, staff, players and sponsors”.

And all major decisions – including plans for the future of the West London stadium – will be “made with the fans”.

Their five-point plan was added by SunSport: “All options are on the table, including all Fan-Led Review recommendations and these will be implemented after consultation. opinion of supporters.

“A rallying approach of investors with the same ambition, commitment and fan-centric vision.

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“The plan will ensure that the club is never involved with an individual or sovereign wealth fund, ensuring that the club never faces a crisis like this. once again.”

Broughton, the former chairman of British Airways, brokered the sale of Liverpool during a similar crisis 12 years ago when Fenway Sports Group took over from the disastrous Gillett and Hicks regime.

The 74-year-old said: “I am assembling a team that will ensure the future success and financial stability of a club that I have supported for over 60 years.

“We will ensure a quick purchase and a smooth transition, with funds available for immediate club takeover and immediate investment in the team, facilities and assets. commercial opportunity.

“I believe I am the right man to lead Chelsea as we begin this new chapter for the club.

“I have a successful track record in boardrooms throughout my career, and I’ve done this before.

“I am still the only person to make a change of ownership in a big football club in a similar situation, which I did at Liverpool 12 years ago.

“But most importantly, as a lifelong fan, I am committed to ensuring Chelsea maintain our preeminent position at the top of European football and ensuring that we put the fans first. Top.”

https://www.the-sun.com/sport/4933359/consortium-chelsea-takeover-coe-broughton-transfers/ Billionaire group planning Chelsea takeover headed by Seb Coe and Sir Martin Broughton swears huge transfer investment

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