The Ricketts Family and Ken Griffin’s $3 billion Chelsea bid has been revealed, know their net worth
On Friday, the Ricketts Family and Ken Griffin presented Raine Group with a proposal ‘far in excess of’ $3 billion for Chelsea Football Club.
The owners of the Chicago Cubs are looking to extend their athletic portfolio and might be declared the next owners of Chelsea.
The Ricketts Family Net Worth, What Does It Own And Chelsea Bid News
The terms of the $3 billion proposal have been released, according to Ben Jacobs. The bid sounds excellent and the party completed due diligence in 2018 which might assist speed up the sale.
According to sources close to the proposal, the Ricketts family wants to maintain on-field while modernizing off-field.
The Ricketts Family is said to be at the ‘head of the queue’ to buy Chelsea, as they will team up with hedge fund billionaire Griffin to make a ‘blockbuster’ deal.
Because of their expertise renovating the Cubs’ stadium, the Ricketts Family is said to have the ‘most comprehensive bid’ of all interested stakeholders, as renovation of Stamford Bridge is necessary.
There is 'growing confidence' the Ricketts family will be short-listed in the race to buy #Chelsea. This isn't confirmed, but there is plenty of positive noise.
[via @jamesrobsonES]
— Absolute Chelsea (@AbsoluteChelsea) March 21, 2022
Chelsea Chicago head and CFC in America’s vice Chair Brian Wulff has tonight written to the board of Chelsea urging them to reject the bid from The Ricketts Family to purchase Chelsea.
— Pys (@CFCPys) March 21, 2022
Business, History, How Rich Is The Ricketts Family And What Does It Own
Ameritrade was founded in 1995 when Joe Ricketts joined his Nebraska-based cheap stock brokerage with a fledgling internet trading business, and it went public two years later. Ricketts led Ameritrade to buy TD Waterhouse for $1.7 billion in 2006, and the business was renamed TD Ameritrade. Ricketts resigned as chairman in 2008; he and his family control slightly under 12% of the corporation, and his son Todd is on the board of directors. In 2014, his son Peter was elected governor of Nebraska.
The family controls the great majority of the Chicago Cubs baseball franchise, which raised $150 million in 2014 by selling shares in the organisation to fund upgrades to Wrigley Field. The Cubs were sold for an all-time high of $1.8 billion after 95% stake was sold to The Ricketts by The Tribune Group. Furthermore, the Ricketts family is considered to be 66th America’s Richest Families. The Ricketts family owns an estimated 25% stake in TV network CSN Chicago.
Personal Stats
Fortune Founded-1975
Source of Wealth-TD Ameritrade
Company Headquarters-Omaha, NE
Net Worth – $4.5B
Other Competitors
Saudi Media Group, on the other hand, is expected to outbid them with a $3.5 billion deal to take over from Roman Abramovich.
It was previously reported that purchasers have been warned that making a cash offer for Chelsea, as well as being the top bidder, will be critical if they want to win the race to acquire the club, which would be a major setback for the Ricketts family.
Raine Group might cut down proposals after Friday’s deadline, allowing the last parties to make their final offers for the club, and a preferred buyer could be picked next week.
It’s unclear what the future holds for Chelsea, who are searching for a quick answer.