Chelsea: The owners of the Chicago Cubs have confirmed that they will lead a bid to purchase the club

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Chelsea: The Ricketts family, owners of Major League Baseball’s Chicago Cubs, have revealed that they are leading a group of investors that will make an offer for The Blues on Friday.

Chelsea: The owners of the Chicago Cubs have confirmed that they will lead a bid to purchase the club

Since 2009, the Ricketts have owned a majority stake in the Cubs.

According to BBC Sport, the US hedge fund entrepreneur Ken Griffin is part of the group bid.

The attempt by Roman Abramovich to sell the club has been put on hold after he was sanctioned by the UK government.

That decision was made in the aftermath of Russia’s invasion of Ukraine, and Abramovich is known to have close ties to Russian President Vladimir Putin.

Chelsea: The owners of the Chicago Cubs have confirmed that they will lead a bid to purchase the club

The Ricketts said in a statement on Wednesday that they would share more information “in due course.”

The announcement added, “The Ricketts Family, owners of the Chicago Cubs, can confirm that they will be leading an investment group that will make a formal bid for Chelsea on Friday.”

“As long-time owners and operators of a renowned professional sports organization, the Ricketts Family and its partners recognize the value of investing for success on the field while honoring the club’s traditions, fans, and community.”

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The Ricketts inquired about purchasing the club in 2018, indicating that they have already completed their due diligence.

According to BBC Sport, the bid is legitimate, as the family had previously inquired about purchasing the club in 2018.

The Ricketts family: Who are they?

The fate of the Chicago Cubs—and of Wrigley Field—is in the hands of Omaha billionaire Joe Ricketts’ four children.

Wrigleyville is a hive of activity on a spring Saturday just before noon. On Clark Street, the macho pubs throw open their windows, letting in waves of music and stale beer. Trains scream into the Addison station, disgorge blue-and-red throngs, and then clack out, sparks flying. A lanky man in his 40s with receding hair and a round, friendly face joins the hordes making their way to the ballpark.

He appears like any other Chicago parent on his way to get his son a hot dog as he circles the top deck in pleated khakis and a blue lightweight fleece with a Cubbie patch. But then he starts greeting strangers and passing out baseballs autographed by players like Starlin Castro and Anthony Rizzo. Most people just appear to identify him at that point: Tom Ricketts.

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Despite his family’s purchase of 95 percent of the Chicago Cubs and Wrigley Field four years ago, Chairman Ricketts and his family are still unknown and misunderstood in Chicago. When they do make headlines, it isn’t necessarily in a positive light.

Tom’s younger brother Todd’s participation on the CBS reality show Undercover Boss in 2010, in which he was fired for inadequate toilet-scrubbing skills, was mildly cringe-worthy.

But it was nothing compared to the PR nightmare that followed a New York Times article last year that Tom’s father, conservative billionaire Joe Ricketts, was preparing a $10 million pre-election ad campaign tying President Obama to “incendiary comments by his former spiritual adviser.”

Joe Ricketts, 72, of Little Jackson Hole, Wyoming, refuses to give interviews. But his four children—Pete, 48, of Omaha, and Tom, Laura, and Todd, 47, 45, and 43, of the Chicago area, respectively—all agreed to speak to me for this tale. (All four are on the Cubs’ board of directors.)

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MP ‘fears for future’ of Chelsea

With owner Roman Abramovich facing government sanctions and the team up for sale, MP Julian Knight says he “fears for the future of Chelsea.”

The Blues have been unable to sell tickets for upcoming games and have withdrawn a request to play Saturday’s FA Cup fixture against Middlesbrough behind closed doors in order to “preserve the integrity” of the competition.

Chelsea: The owners of the Chicago Cubs have confirmed that they will lead a bid to purchase the club

Knight, the chair of the Digital, Culture, Media and Sport Select Committee, said on BBC Radio 5 Live Breakfast: “Within hours of the fines, rumors circulated that the club was planning layoffs.

“Staff, especially those who work in areas that are directly under sanctions, must be extremely concerned at this time.

“It’s easy to forget amid the glitz and glory of football that there are thousands of individuals working behind the scenes who make things happen, and they’re just as important stakeholders as those in the boardroom.”

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