Couple of points. 
1. As I discussed back at the beginning, the value of a club doesn’t depend on whether it makes a profit or not. The value is mainly driven by how successful the club is. If Abramovitch was allowed to keep the money and get his loans repaid, he’d have made a decent profit. A caveat to this is that the owner has to have balance sheet to handle the losses otherwise you end up like Leeds  but if you do have the balance sheet then you can make a profit through growing the capital value of the asset  

2, if the Radcliffe bid was genuine then you;d be nuts not to consider it. It’s a lot more money. If you were selling your house and at the last moment someone offered 20% more would you wait a week or two to see if it was serious?

3. Notwithstanding point 1, chelsea has achieved all the value growth it is likely to achieve in terms of brand value/on field success. So now it is time to milk that value by building a new stadium etc. in other words the focus for the new owner will be a bit around revenue. 

Edited April 30, 20224 yr by ozboy

1 hour ago, ozboy said:

Couple of points. 
1. As I discussed back at the beginning, the value of a club doesn’t depend on whether it makes a profit or not. The value is mainly driven by how successful the club is. If Abramovitch was allowed to keep the money and get his loans repaid, he’d have made a decent profit. A caveat to this is that the owner has to have balance sheet to handle the losses otherwise you end up like Leeds  but if you do have the balance sheet then you can make a profit through growing the capital value of the asset  

2, if the Radcliffe bid was genuine then you;d be nuts not to consider it. It’s a lot more money. If you were selling your house and at the last moment someone offered 20% more would you wait a week or two to see if it was serious?

3. Notwithstanding point 1, chelsea has achieved all the value growth it is likely to achieve in terms of brand value/on field success. So now it is time to milk that value by building a new stadium etc. in other words the focus for the new owner will be a bit around revenue. 

A lot of questions on the Ratcliff bid. Why did he wait till the very last minute when people have been bidding for 2 months now? Also, Boehly's bid is over 4B pounds as well so not really a lot more money. It feels like a PR stunt but I have no idea what he is going to gain by it. If he was truly serious, he had ample time to bid.

I love this tweet

 

 

7 minutes ago, charierre said:

I love this tweet

 

 

Superb !

17 hours ago, Malcolm9 said:

He sounds like a British version of Roman 😎

 

Still rumours that Radcliff‘s bid could be considered. Others are saying it’s too late.

10 hours ago, just said:

Why does it mean either of those two scenarios?

Boelhy in the interview I watched like the Chelsea model and delivering the best football within constraints.

Ratcliffe if it can be believed was offering £1.75bn investment of about £175,000m a year for a decade, looks to me he was intending for us to dominate the UK not compete.

 

 

Some interesting tweets from Ben Jacobs here:

A little more detail on a dramatic 24 hours in the #CFC sale. The Todd Boehly-led group is the preferred bidder and will enter into a short exclusive period (believed to be one week) to sign a purchase agreement.

As of Friday, exclusive talks had not started and exact terms must be agreed. Picking a preferred bidder had to be concluded first and Raine and Chelsea only formally did this yesterday. As with the first round, the rejected suitors were informed first.

Pagliuca’s plans for renovating Stamford Bridge lacked a clear roadmap and no written confirmation of if/how he planned to scale back Atalanta was provided. A public statement reaffirming his commitment only provided more questions.

Broughton’s bid required partial funding via loans. This counted against the bid in a decision based on fine margins. The “celebritizion” (as one Raine source put it) of the bid wasn’t well received either and was seen as a move to turn the sale into a popularity contest.

But above all else, Boehly’s bid just stood out. One of the reasons why is because, in each area suitors were asked to focus on, the group provided real experts.

The bid is a collective effort with Clearlake the majority owner but a range of impressive voices inputting. Behdad Eghbali is pretty hands on and engaged. He’s a big football fan also. But Boehly, as minority owner, plans to assume day to day control.

Jonny Goldstein (and the support of David Hickey) really impressed Chelsea. As previously reported, the Boehly group always had the strongest and most detailed plans for the redevelopment of Stamford Bridge. They have been confident for weeks of winning.

Jim Ratcliffe’s last-minute £4.25bn bid took Boehly, and the two failed suitors, by surprise. Ratcliffe initially expressed interest in March but then decided not to formally bid. Last week he then saw a window of opportunity as the sale dragged on.

Interestingly, sources tell me Ratcliffe bypassed Raine, and by dealing directly with Chelsea was confident in entering the race. He has not to date been told his bid is too late. But Chelsea will prioritise Boehly meaning Ratcliffe has a lot out of his control.

Two other points which are key: Ratcliffe bid isn’t astronomically higher than Boehly’s since price includes charitable donation. And Ratcliffe, like Pagliuca with Atalanta, must address ownership of Nice. That makes completing a #CFC sale in days (as he says he can) unlikely.

Ratcliffe’s offer clearly puts pressure on Boehly to wrap up l sale quickly. And it’s clear Chelsea and Abramovich (who failed to agree a price with Ratcliffe in 2019) are open to abandoning the formal sale process and considering ‘rogue’ bids if it doesn’t work out with Boehly.

But to again reiterate, Boehly is the preferred bidder and the group is confident that Ratcliffe’s offer won’t affect anything. They have always said, if selected, they see no reason why they can’t complete the sale before Chelsea’s special license expires on May 31.

34 minutes ago, JM7 said:

Some interesting tweets from Ben Jacobs here:

A little more detail on a dramatic 24 hours in the #CFC sale. The Todd Boehly-led group is the preferred bidder and will enter into a short exclusive period (believed to be one week) to sign a purchase agreement.

As of Friday, exclusive talks had not started and exact terms must be agreed. Picking a preferred bidder had to be concluded first and Raine and Chelsea only formally did this yesterday. As with the first round, the rejected suitors were informed first.

Pagliuca’s plans for renovating Stamford Bridge lacked a clear roadmap and no written confirmation of if/how he planned to scale back Atalanta was provided. A public statement reaffirming his commitment only provided more questions.

Broughton’s bid required partial funding via loans. This counted against the bid in a decision based on fine margins. The “celebritizion” (as one Raine source put it) of the bid wasn’t well received either and was seen as a move to turn the sale into a popularity contest.

But above all else, Boehly’s bid just stood out. One of the reasons why is because, in each area suitors were asked to focus on, the group provided real experts.

The bid is a collective effort with Clearlake the majority owner but a range of impressive voices inputting. Behdad Eghbali is pretty hands on and engaged. He’s a big football fan also. But Boehly, as minority owner, plans to assume day to day control.

Jonny Goldstein (and the support of David Hickey) really impressed Chelsea. As previously reported, the Boehly group always had the strongest and most detailed plans for the redevelopment of Stamford Bridge. They have been confident for weeks of winning.

Jim Ratcliffe’s last-minute £4.25bn bid took Boehly, and the two failed suitors, by surprise. Ratcliffe initially expressed interest in March but then decided not to formally bid. Last week he then saw a window of opportunity as the sale dragged on.

Interestingly, sources tell me Ratcliffe bypassed Raine, and by dealing directly with Chelsea was confident in entering the race. He has not to date been told his bid is too late. But Chelsea will prioritise Boehly meaning Ratcliffe has a lot out of his control.

Two other points which are key: Ratcliffe bid isn’t astronomically higher than Boehly’s since price includes charitable donation. And Ratcliffe, like Pagliuca with Atalanta, must address ownership of Nice. That makes completing a #CFC sale in days (as he says he can) unlikely.

Ratcliffe’s offer clearly puts pressure on Boehly to wrap up l sale quickly. And it’s clear Chelsea and Abramovich (who failed to agree a price with Ratcliffe in 2019) are open to abandoning the formal sale process and considering ‘rogue’ bids if it doesn’t work out with Boehly.

But to again reiterate, Boehly is the preferred bidder and the group is confident that Ratcliffe’s offer won’t affect anything. They have always said, if selected, they see no reason why they can’t complete the sale before Chelsea’s special license expires on May 31.

ratcliffes offered 2.5B plus 1.75B over 10yrs on top of club profits if any 2033 we sell for 6B = Big stonkz!

offer roughly £750M better however full stadium re-do easily 1-1.5B

So transfer kitty will be a key flag to watch regardless of who wins

You would think the only way to sell for big stonkz is to keep the club winning otherwise we would fall into the 'big potential' bin of doom!

Edited April 30, 20224 yr by Kantesmini

That Ratcliffe, is a proper joker rat isn't he? Why wait till after deadline day if you are serious. Not the type we want to be honest. 

Just looking to leech off some PR. 

Whenever there’s chaos at Chelsea Bruce Buck seems to be at the centre of it.

The Clearlake investment group are funding about half of Boehly's bid. Another investor is a property developer.

Don't investment groups exist to make money for their investors ? Even if it's a small amount it , it all goes into the pot.

Clearlake came on board very late in the day,  why did Boehly need them ?why

Anyway, anyone hoping to make money from our club is going to be very disappointed ! And I'm old enough to remember the battle with property developers that almost wrecked our club.

I can't get enthused about any bid, this might be our most successful season for a long time.

as always, come on you BLUES !

Final bid from BWG said to be more than 4bill, 2.5bill for charity as requested by Roman.

https://weaintgotnohistory.sbnation.com/2022/4/30/23050108/boehly-consortium-final-bid-for-chelsea-in-excess-of-4-billion-in-total-report

2 minutes ago, axman2526 said:

Final bid from BWG said to be more than 4bill, 2.5bill for charity as requested by Roman.

https://weaintgotnohistory.sbnation.com/2022/4/30/23050108/boehly-consortium-final-bid-for-chelsea-in-excess-of-4-billion-in-total-report

A bit bemused by this charity of £2.5 bn, has Roman written off his loan to the club and instead decided it can all go to a Ukraine fund or is there more to this?

3 minutes ago, axman2526 said:

Final bid from BWG said to be more than 4bill, 2.5bill for charity as requested by Roman.

https://weaintgotnohistory.sbnation.com/2022/4/30/23050108/boehly-consortium-final-bid-for-chelsea-in-excess-of-4-billion-in-total-report

Have they promised to ship Lukaku back to the KFC counter to sell chicken drums? No? Don’t accept Roman!!

1 minute ago, strider6004 said:

A bit bemused by this charity of £2.5 bn, has Roman written off his loan to the club and instead decided it can all go to a Ukraine fund or is there more to this?

He certainly wants to, whether it can be has not been confirmed.

1 minute ago, RMH said:

Have they promised to ship Lukaku back to the KFC counter to sell chicken drums? No? Don’t accept Roman!!

Think he would make a good Colonel Sanders?

The dragons den drama continues!

Ratcliffe hasn't come in late, He was mugging the media off and has been involved in a bid since it went up for sale, Apparently bypassing raine and Roman and co are open to listening to the offer according to reports so it could well just be a shadow tactic by lets face it a probable member of the shadow realm regardless!

Boehly going forward is a good thing. I hope it all goes nice and smooth now. Because it is Chelsea I expect some twists and turns. Good news anyway.

And to you people who are frustrated this is taking time it will be one of the quickest sales of a club and the biggest sale in History by a country mile. So calm down and enjoy the ride.

My issue with Boehly's consortium is that whilst Boehly is obviously the front man, 66% of the club will actually be owned by Clearlake Capital, who we've heard absolutely zilch from.

So as much as Boehly is able to sweet talk everybody right now about how much he will prioritise winning, ultimately there will always be the faceless, money-thirsty private equity firm lurking in the background that he will have to answer to every second of every day.

In my opinion, it's very much worth waiting a little longer to bag ourselves an owner who has no need to prioritise ROI over winning.

I agree Clearlake is an unknown element to that consortium but I think Raine and Chels execs have looked into that as well. It is still probably the best combination there is. 

Roman is a billionaire who's money is not good in England. It can all change quickly as we have seen. 

 

 

7 minutes ago, evissy said:

I agree Clearlake is an unknown element to that consortium but I think Raine and Chels execs have looked into that as well. It is still probably the best combination there is. 

Roman is a billionaire who's money is not good in England. It can all change quickly as we have seen. 

 

 

Anything to get the commission pay out!

fattyspeeding is spot on and I too would prefer a single investor over a dodgy investment group in the shadows

At the end of the day if it means heavy investment in the squads and stadium then who cares but we've seen how easy it is for clubs to go arse over tit for 20 yrs esp with profit milking groups of suits!

1 hour ago, Kantesmini said:

Anything to get the commission pay out!

fattyspeeding is spot on and I too would prefer a single investor over a dodgy investment group in the shadows

At the end of the day if it means heavy investment in the squads and stadium then who cares but we've seen how easy it is for clubs to go arse over tit for 20 yrs esp with profit milking groups of suits!

I agree Roman is better but MU and Liverpool are doing okay financially

1 hour ago, evissy said:

I agree Clearlake is an unknown element to that consortium but I think Raine and Chels execs have looked into that as well. It is still probably the best combination there is. 

Roman is a billionaire who's money is not good in England. It can all change quickly as we have seen. 

 

 

Well Clearlake are a huge American private equity firm, I'm sure their money is more than good in the eyes of Raine, whose entire business model relies on building relationships with firms like Clearlake.

I'm also not sure the frequency of events such as those that led to Roman being forced to sell Chelsea - thus the risk of these events repeating - should stop us from pursuing the mega-billionaire sole owner route again. The benefits still far outweigh any risks.

One good thing with this outfit if they decide a few years down the line they don't want a club much longer they should be able to exit better than RA for someone else to take over. 

21 hours ago, just said:

But you have to question why Radcliffe has waited this to long to register an interest.

Definitely, although in truth it could have been for a variety of reasons. Timing is obviously vital when determining whether or not a business action is viable i.e. environmental factors and opportunities are perpetually changing.

The go-to theory seems to be that Ratcliffe's bid is not genuine and put forward solely for publicity reasons. However, if this is the case then you have to ask what benefit this publicity actually brings him. Submitting a failed/faux bid after all the sales process deadlines have passed can only make him look like one of two things: an unprofessional pillock or a disingenuous snake. I can't see the benefits of either look to a notoriously publicity-shy individual who already holds the spotlight of "Britain's Richest Man". I can only see the benefits of tabling a winning bid.

22 hours ago, Sexyfootball said:

So Raine have done their bit and offered up Boehly as the preferred bidder (I wonder how much Raine are getting paid in all this ?) ... now over to Roman to make the actual decision. If Roman decides to sell to Ratcliffe, there won't be any egg on Raine's face, as they have done what was asked of them.

 

Completely agree this is most likely the current scenario. Ratcliffe will have known very well that Raine were not going to entertain his bid within this late stage of their process, and by all accounts he submitted his bid directly to Chelsea following conversations with Bruce Buck and the government.

Clearly, his aim was to make the current situation a straight fight between Raine's champion (Clearlake/Boehly) and Buck/government's champion (himself).