Woody Johnson warns new Chelsea owners

Chelsea Roman Abramovich, Six Sports

American Billionaire Woody Johnson has opened up about his failed takeover attempt. He warns the new Chelsea owners to be as they are taking on a “Huge Challenge”.

Johnson, a co-owner of the New York Jets was a primary candidate in the bidding war for Chelsea. According to sources, he had offered a price of 2 billion to Roman Abramovich. The bid was 1billion less than what Roman Abramovich priced the club at.

Raine Group, a US merchant bank that oversees sales for Abramovich was quick to dismiss the offer. There are 4 bids currently running for Chelsea Todd Boehly, the Ricketts family, Sir Martin Broughton, and Stephen Pagliuca.

Johnson Statements

Johnson had a lot to speak about after his failed takeover. He said that he wanted to buy Chelsea as he was a fan.

“My interest in Chelsea is I’m a fan of Chelsea. When I was over there, I couldn’t be a fan of a particular team. I had to be diplomatic.

I had to like all the teams, but we are Chelsea fans. It’s London’s team. The concept of New York and London, I thought was one that we could do pretty well with that. I thought it would be another interesting endeavor for us.

Not getting Chelsea [is] disappointing, but the numbers have gotten so enormous that on one hand I’m disappointed and on the other hand, financially, I think it is going to be a huge challenge.”

The remaining 4 bidders are to submit their detailed proposals by April 11. The Premier League officials are to present the said offer on April 18th with Chelsea’s preferred offer to oversee the change of ownership of the club.

Abramovich had bought the club in 2003 for 143m. Chelsea are currently valued at over 3 billion.

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