Billionaire consortium planning Chelsea takeover led by Seb Coe and Sir Martin Broughton vows huge transfer investment

THE CONSORTIUM led by Seb Coe and Sir Martin Broughton that’s attempting to purchase Chelsea have vowed critical investment so the membership can proceed competing for European honours.

Owner Roman Abramovich has put the reigning Champions League holders up on the market – at a valuation of £3billion – after his belongings have been frozen by the UK authorities following Russia’s invasion of Ukraine.

Coe (pictured) and Broughton plan to inject huge amounts of money into the Chelsea squad
Coe (pictured) and Broughton plan to inject huge quantities of cash into the Chelsea squadCredit: EPA
Broughton was formerly chairman at Liverpool
Broughton was previously chairman at LiverpoolCredit: AFP

Double Olympic champion Coe and British businessman Broughton submitted a “competitive” formal bid on Friday to take over the Stamford Bridge membership – with world backers from 4 completely different continents.

All money proceeds from the sale could be “delivered without delay to the victims of the ongoing humanitarian crisis created by Russia’s invasion of Ukraine”.

The pair – who’re lifelong Chelsea followers – have promised followers they may “invest in the club to keep it at the top of European football”.

They say there could be an “immediate commitment to invest in players, new team facilities, and new commercial opportunities”.

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The bidders wish to “move quickly to resume all normal operations at the club, avoid catastrophic delays, and protect the fans, employees, players, and sponsors”.

And all main selections – together with plans for the way forward for the West London stadium – could be “made alongside the fans”.

Their five-point blueprint which has been seen by SunSport added: “All choices are on the desk, together with all suggestions of the Fan-Led Review, and these might be carried out following session with the supporters.

“A consortium strategy of traders who share the identical ambition, dedication, and fan-centric imaginative and prescient.

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“The plan will guarantee that the club is never beholden to a single individual or sovereign wealth fund, ensuring that the club never faces a crisis like this again.”

Coe, 65, is the pinnacle of World Athletics — he’ll go for re-election subsequent 12 months — however he would have a seat on the Chelsea board if the bid goes by way of.

Broughton, a former British Airways chairman, brokered the sale of Liverpool throughout an identical disaster 12 years in the past when Fenway Sports Group took over from the disastrous Gillett and Hicks regime.

The 74-year-old mentioned: “I’m assembling a group that can guarantee the longer term success and monetary stability of a membership I’ve supported for over 60 years.

“We will safe a immediate buy and clean transition, with funds available for the rapid takeover of the membership and rapid investment within the group, amenities, and industrial alternatives.

“I imagine I’m the proper particular person to steer Chelsea as we begin this new chapter for the membership. 

“I’ve a observe document of success in boardrooms all through my profession and I’ve executed this earlier than.

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Urgent search for man, 22, after student, 19, murdered inside uni halls

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“I stay the one particular person to have effected a change of possession at a significant soccer membership in an identical scenario, which I did at Liverpool 12 years in the past. 

“But most importantly, as a lifelong fan, I am committed to ensuring Chelsea maintains its preeminent position at the top of European football and making sure we put fans first.”

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