The consortium said in a statement it had “decided, after careful consideration, not to submit a final bid for Chelsea. In the process of finalising their proposal, it became increasingly clear that certain issues could not be addressed given the unusual dynamics around the sales process”
The Ricketts family-led consortium that was one of the final four shortlisted bidders in the running to buy Chelsea has withdrawn its bid.
In a statement released on Friday, the consortium said: “The Ricketts-Griffin-Gilbert Group has decided, after careful consideration, not to submit a final bid for Chelsea FC.
“In the process of finalising their proposal, it became increasingly clear that certain issues could not be addressed given the unusual dynamics around the sales process.
“We have great admiration for Chelsea and its fans, and we wish the new owners well.”
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