Sports
Abramovich Sanctions: Chelsea’s New Owners Give Fresh Conditions To Buy Club

Interested parties who want to bid for Chelsea before Friday’s deadline, have been told to submit a detailed background report on all investors.
They have also been asked to state their motives for the club moving forward, as they enter the official bidding process.
It is understood there are about 200 interested parties.
New York-based merchant bank, Raine, have been appointed as advisors on the deal.
ALSO READ: Governor Willie Obiano Sacks All Political Appointees
Bidders will be asked to provide a proof of funds letter, a full list of advisers, a business plan and a timescale for completion to accompany their offers.
This is amid a growing focus on the issue of suitable club ownership in the Premier League.
Buyers are also advised that a cash offer – and being the highest bidder – will be crucial.
Also, any consortium or individual must promise to preserve employment at all levels at the club and fulfil their existing financial obligations.
-
News3 hours ago
Unenurhie Ends Prayer Day, Calls For DSTG’s Support
-
News3 hours ago
Wike Fires Back At Diri For Opposing Pro-Wike Rally
-
News3 hours ago
Emergency Rule Saved Rivers, Fubara Orchestrated All Crises, Says Ex-Head Of Service, As Suspended Governor Reacts
-
News4 hours ago
Governor Soludo Congratulates President Bola Tinubu On His 73rd Birthday
-
Feature3 hours ago
A Well-Deserved Honor: DELSU To Host 47th Annual Conference Of The Genetics Society Of Nigeria