In light of the UK government’s deadline for the sale of the premier league club, Chelsea, the club authorities have released conditions and requirements expected from parties who have an interest in the team.
According to SportsMail, interested parties who wish to offer for Chelsea before Friday’s deadline have been ordered to provide a full background report on all investors.
They’ve also been asked to explain their motivations for bidding for the club as they move forward in the process.
It is estimated that there are over 200 parties that are interested.
Raine, a New York-based merchant bank, has been designated as the deal’s consultant.
Bidders will be required to submit a proof of funding letter, a complete list of advisers, a business plan, and a completion timeline with their bids.
This comes as the Premier League continues to focus on the issue of proper club ownership.
Interested buyers should also know that making a cash offer – and being the highest bidder – is critical.
In addition, any consortium or person must guarantee to keep jobs at the club at all levels and meet their every financial responsibility.