Ken Griffin, billionaire hedge fund owner, will join Chicago Cubs owners in Chelsea deal.

Ahmed said that Griffin’s offer is individual and has nothing to do with the hedge fund business.

“The Ricketts family, owners of the Chicago Cubs, can confirm that they will lead an investment group that will make a formal bid to buy Chelsea Football Club this Friday,” the Ricketts family said in a statement to CNN.

“As longtime leaders of a legendary professional sports team, the Ricketts family and their partners understand the importance of investing in success on the pitch while respecting the traditions of the club, fans and community.

“We look forward to sharing more details about our plans in due course.”

Earlier this month, Chelsea owner and Russian oligarch Roman Abramovich announced that he plans to sell the club for the benefit of “fans, employees, and the club’s sponsors and partners”. This came after he claimed he had handed over “management” of Chelsea to the trustees of the club’s charitable foundation.

The European Union placed Abramovich on a sanction list on Tuesday, and the UK government imposed sanctions on him last week as part of its efforts to “isolate” Russian President Vladimir Putin following his country’s invasion of Ukraine.

In light of the sanctions, the UK has granted Chelsea a special license to continue matches, but certain activities are prohibited, including the sale of tickets for games other than those already sold to fans.

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