BREAKING: Sir Lewis Hamilton and Serena Williams are committing millions of pounds to one of the bids vying to become the new owners of Chelsea Football Club. MarkKleinmanSky has the latest. 📺 Sky 501, Virgin 602, Freeview 233 and YouTube
It was unclear on Thursday morning which corporate entities would be used by the pair to invest in the Blues.
Under the consortium's plans, Harris Blitzer Sports & Entertainment , the holding company headed by American private equity billionaires Josh Harris and Dave Blitzer, would hold a controlling stake in Chelsea - although they will need to divest their minority shareholding in Crystal Palace prior to completing a deal.Chelsea fans 'should be involved in ownership'
Sources close to the offer led by Sir Martin said the diversity of its roster of global investors was among the factors that had persuaded Sir Lewis and Ms Williams to become involved. Sir Martin's consortium is said to believe that it is best-placed of the remaining consortia to navigate the complexities of owning Chelsea, including the prospective redevelopment of its Stamford Bridge home.Boston Celtics Co-owner Steve Pagliuca talks with former player Ray Allen at a basketball event in Cleveland. Pic: AP
It also has a large real estate operation, which is likely to position it well in the battle for a Premier League club whose stadium is significantly smaller than its rivals.The group's founders have invested in more than half a dozen football clubs, including Real Salt Lake of the US's MLS competition.The consortium is also understood to be planning to retain Bruce Buck, Chelsea's chairman, and director Marina Granovskaia in senior roles at the club, according to an insider.
Sir Martin's bid is being advised by Michael Klein, an investment banker who worked with him when he was parachuted in as chairman of Liverpool FC in 2010. Mr Abramovich's sanctioning by the government and disqualification by the Premier League as a director of the club he has owned since 2003 has left the Stamford Bridge outfit's fate in the hands of ministers.
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