Over the last few weeks, reports from London indicated the Ricketts family, who own the Chicago Cubs, would be placing a bid on the Chelsea Football Club. They were reportedly looking for investment partners. Now, they have paired with Ken Griffin, the head of the Citadel Investment Group.
Griffin also hails from Chicago and is the richest man in the state of Illinois, worth $26.5 billion. That figure makes him the richest party tied to the purchase of Chelsea FC.
The bid for the club will be tabled Friday. “As long-term operators of an iconic professional sports team, the Ricketts family and their partners understand the importance of investing for success on the pitch, while respecting the traditions of the club, the fans and the community,” a spokesman for the consortium said to Sky News.
This venture represents a complete 180 from the “biblical losses” Ricketts mentioned during the COVID pandemic. But with Ken Griffin’s involvement, fans can hope the Ricketts won’t be in over their heads. As long as rebuilding the Chicago Cubs into a World Series contender remains a top priority, fans shouldn’t worry too much.
Follow On Tap Sports Net on social media!