TOP News

Sport: George Osborne drafted in to advise US group on a £2.5bn Chelsea bid

Cleveland Cavaliers owners join Ricketts and Griffin bid for Chelsea

  Cleveland Cavaliers owners join Ricketts and Griffin bid for Chelsea The owners of the NBA side the Cleveland Cavaliers have joined forces with the Ricketts and Griffin bid to buy Chelsea.Sky News revealed that Rock Entertainment Group (REG), which owns a string of US sports teams, has agreed to participate in the consortium led by the Chicago Cubs-owning Ricketts family and the hedge fund tycoon Ken Griffin.

George Osborne has been drafted in to boost a £2.5billion bid to buy Chelsea FC, it emerged last night.

The former Chancellor is advising a US group competing to buy the club from Roman Abramovich, with the successful bidder likely to be announced as soon as this week.

The Premier League club was hastily put up for sale last month after oligarch Abramovich was sanctioned by the Government after Russia’s invasion of Ukraine.

The former Chancellor is advising a US group competing to buy the club from Roman Abramovich, with the successful bidder likely to be announced as soon as this week © Provided by Daily Mail The former Chancellor is advising a US group competing to buy the club from Roman Abramovich, with the successful bidder likely to be announced as soon as this week

Chelsea fan Mr Osborne is advising a consortium fronted by American billionaire Todd Boehly after the City firm he joined last year, Robey Warshaw, signed up as an adviser.

Grammys live: TJ Osborne gets emotional after Grammy win

  Grammys live: TJ Osborne gets emotional after Grammy win LAS VEGAS (AP) — The Latest on the 64th annual Grammy Awards, being presented Sunday in Las Vegas (all times local): 1:45 p.m. TJ Osborne has given an emotional speech at the Grammy Awards after winning an award with his brother for their song “Younger Me.” Osborne, who came out as gay last year, fought back tears as he reflected on the moment and the support he’s received. He noted that “Younger Me” was written in response to his coming out. The song won best performance by a country duo or group Sunday afternoon. © Provided by Associated Press T.J.

Mr Osborne is also a friend of Lord Finkelstein, the Tory peer who has agreed to join Chelsea’s board if Mr Boehly is successful.

There are two rival bids – one headed by former Liverpool FC chairman Sir Martin Broughton, the other by the Boston Celtics basketball team co-owner Steve Pagliuca and National Basketball Association chairman Larry Tanenbaum. Final offers had to be lodged by last Thursday.

Read more

Chelsea's next owner must invest in the next generation says Tuchel .
Former Chancellor of the Exchequer and Chelsea fan, George Osborne, was on Saturday revealed as an adviser to the Boehly bid and a potential board member if they win. Osborne is a Chelsea fan and a season-ticket holder at Stamford Bridge. He works for the investment bank Robey Warshaw — and they have been brought on board to advise the consortium.

See also