Chicago Cubs owners confirm bid to purchase Chelsea

Baseball owner Tom Ricketts and his family make their move as consortiums prepare bids ahead of Friday deadline.

Chelsea FC owner Roman Abramovich put the club up for sale after Russia's invasion of Ukraine. Picture: PA Wire

Chicago Cubs chairman Tom Ricketts and his family will spearhead a consortium bid for the Stamford Bridge club, with major partnership funding understood to be in place.

New York merchant bank Raine Group has set a Friday deadline for bids, with Roman Abramovich's 19-year tenure as Chelsea owner coming to a close.