New twist in Chelsea bidding war as billionaire joins Ricketts family
- Dan Gilbert the latest to team up with Ricketts consortium
- Rock Entertainment Group owns Cleveland Cavaliers
The race to buy Chelsea has taken another twist after it emerged that the Ricketts family have been joined in their bid by the Rock Entertainment Group, headed by Dan Gilbert who is worth an estimated $31bn (£23.5bn). REG owns the American basketball team, the Cleveland Cavaliers.
The level of Gilbert’s investment has not been disclosed and there is no clarity over who will be Chelsea’s majority shareholder if this consortium sees off the other three bidders. The Ricketts family had already partnered with the billionaire hedge fund tycoon, Ken Griffin, who is yet to disclose if he would take a controlling stake.
Continue reading...from The Guardian https://ift.tt/6wpt5nf
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