Another consortium that included Gilbert, hedge fund billionaire Dan Griffin, and the Ricketts family – who own Major League Baseball’s Chicago Cubs – announced that it would not submit a final bid for the football club.
Gilbert, one of the richest people in the US, is the founder of Rocket Mortgage. With wealth valued at $31 billion by Forbes, Gilbert already owns several sports teams, including the National Basketball Association’s Cleveland Cavaliers.
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Chelsea Football Club was put up for sale by owner Roman Abramovich following Russia’s invasion of Ukraine. Abramovich, who bought the club in 2003 for just under $200 million, appeared on a list of Russian oligarchs sanctioned by the UK and other countries following the invasion.
KPMG has valued the club at around $2.1 billion.
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