Final bids are being prepared for European champion Chelsea and new business figures are being added to consortia as the process to end the ownership of sanctioned Russian oligarch Roman Abramovich steps up.
Four known bids are still under consideration to buy Chelsea, which could be sold for 3 billion pounds given the interest that has emerged since Abramovich put the west London Premier League club up for sale six weeks ago.
"Later this week, we will submit a substantial and credible bid proposal," Pagliuca said in a statement. "One that we expect will meet the respective requirements and regulations of the Premier League, UK Government and UEFA -- and we pledge to honor our commitment to credibility and good guardianship of Chelsea Football Club from day one."
"Tom and the wider group have a proven track record of running successful sports teams and a strong vision for both the club and the local community," Bilimoria said in a statement."We have always been clear that having local expertise and perspectives on our bid is vital," Tom Ricketts said in a statement. "Given Lord Bilimoria's unparalleled credentials and his love for Chelsea, he is the perfect addition to our team.
Abramovich has been forced to sell Chelsea after he was sanctioned in Britain and his assets were frozen as part of a crackdown on oligarchs following Russia's invasion in Ukraine. Chelsea has won 21 trophies in 19 years of Abramovich ownership, relying on his lavish investment to become one of Europe's most successful clubs.
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