An all-cash bid is attractive, but there's more behind why the Ricketts-led group may have an edge in the bidding war for Chelsea.
roughly $2 billion in personal loans since buying the club for $190 million in 2003 to keep things afloat. In total, Chelsea has posted a loss of $167 million over the last two fiscal years, all while spending $396 million on acquiring new players over the last two seasons.
Regardless of finances, the Ricketts group is an especially strong option. The family, which bought the Cubs in 2009, already has experience turning around an iconic brand, finally snapping that team’s 108-year championship drought in 2016. They could also take some of the lessons learned from renovating Wrigley Field to modernizing Stamford Bridge, which is in desperate need of upgrades as London rivals Tottenham, Arsenal and West Ham have all recently moved into state-of-the-art venues.
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