As per reports this week, Chelsea’s takeover is being delayed due to bidders concerns over Stamford Bridge. Bidders are struggling to see how it adds up on bids of around 2.5 billion pounds.
This is because Raine Group, who are administrating the sale, require bidders to commit to the future of the stadium. The stadium has for a long time been in need of a rebuild. The result then if bidders have to guarantee this is that the value of their bids are likely to drop.
It has been said that most of the bidders are private equity people. They therefore would want to make profit out of this in the long term.They see it financially feasible to move the stadium if the deal is to be worth 2.5 billion pounds.
The reports also state that another stage in the bidding process for Chelsea has been introduced, with one of the three interested parties to be eliminated this week. Those close to the Chelsea takeover situation expect Boston Celtics owner Steve Pagliuca’s bid to be eliminated this week, as it is not offering anything new.
However, the Pagliuca group have been given no indication that they are set to be eliminated ahead of the other two remaining bidders and were surprised by the nature of Sunday’s report at such a sensitive time.