Romelu Lukaku celebrates with Mason Mount after giving Chelsea the lead in the FA Cup clash against Middlesbrough. AFP
Romelu Lukaku celebrates with Mason Mount after giving Chelsea the lead in the FA Cup clash against Middlesbrough. AFP
Chelsea's Romelu Lukaku celebrates after scoring the first goal in the FA Cup win against Middlesbrough at the Riverside Stadium. AP
Chelsea's Romelu Lukaku celebrates after scoring the first goal in the FA Cup win against Middlesbrough at the Riverside Stadium. AP
Chelsea's Hakim Ziyech celebrates scoring their second goal with Romelu Lukaku. Action Images
Chelsea's Hakim Ziyech celebrates scoring their second goal with Romelu Lukaku. Action Images
Hakim Ziyech celebrates with teammates. AFP
Hakim Ziyech celebrates with teammates. AFP

Sport

Football

London investment firm Centricus confirms bid to buy Chelsea

Deadline for offers for Premier League side came and went on Friday evening, with a number of parties understood to be contenders for a takeover

Steve Luckings
Steve Luckings

March 21, 2022

  • English
  • Arabic

A London-based investment firm confirmed it has submitted an offer to buy Premier League club Chelsea.

The club has been put up for sale by its billionaire owner Roman Abramovich after he was the subject of sanctions by the UK government for his alleged ties to Russian president Vladimir Putin and the country's invasion of Ukraine.

READ MORE

Chelsea forget ownership troubles to cruise into Champions League quarter-finals

The European and world club champions continue to operate under special, stringent conditions after the British government claimed to have proven Abramovich’s links to Putin.

The deadline for any bids to be submitted for the Premier League side came and went on Friday evening, with a number of parties understood to be contenders for a takeover.

In a statement released Monday, Centricus said it saw an opportunity to "make a long-term investment" in Chelsea and that it was "committed to supporting existing management on both the business and sporting operations".

According to The Times newspaper, Centricus has joined forces with hedge-fund manager Jonathan Lourie and Bob Finch as well as a prominent group of Chelsea supporters in attempting to seal a deal.

In quotes reported by the newspaper, Centricus chief executive Nizar Al Bassam spoke of his affection for the club he claimed was "bleeding money at a faster rate than it should be" after Abramovich had his UK assets frozen, leaving the club in limbo.

Chelsea's Cesar Azpilicueta and Thiago Silva celebrate after beating Lille 2-1 to make the Champions League last eight. AP
Chelsea's Cesar Azpilicueta and Thiago Silva celebrate after beating Lille 2-1 to make the Champions League last eight. AP
Chelsea's Cesar Azpilicueta celebrates after scoring the second goal in the 2-1 win at Lille. AFP
Chelsea's Cesar Azpilicueta celebrates after scoring the second goal in the 2-1 win at Lille. AFP
Lille's Turkish forward Burak Yilmaz scores from the penalty spot. AFP
Lille's Turkish forward Burak Yilmaz scores from the penalty spot. AFP
Christian Pulisic levels the scores. Getty
Christian Pulisic levels the scores. Getty
Burak Yilmaz celebrates scoring their first goal. Reuters
Burak Yilmaz celebrates scoring their first goal. Reuters
Chelsea's Christian Pulisic celebrates with teammates after scoring the equaliser. EPA
Chelsea's Christian Pulisic celebrates with teammates after scoring the equaliser. EPA
Chelsea's Cesar Azpilicueta celebrates scoring their second goal. Reuters
Chelsea's Cesar Azpilicueta celebrates scoring their second goal. Reuters

“I’ve had the same seats in the Tambling suite and the same seats in the West Stand for 10 years," Al Bassam was quoted as saying.

"I’m worried for the staff there when I see this turmoil. We see the same people hosting us when we walk in. They’re amazing to us. We see the same people in the stands looking after us and I’m feeling for them.

“We’ve tried to focus on a proposal which aligns the ownership of the club with long-term investors with a deep history with the club. If you look at the proposal we put forward, keeping it an entirely British finance proposal is core to that.

“There are plenty of very successful clubs financed by international investors but in this case, after two decades of exceptional success by the club, the club has the fanbase with the resources to support the club to maintain that success. That’s what’s very unique about this proposal.”

Chelsea's Russian owner Roman Abramovich has had his UK assets frozen by the British government for his ties to Russian president Vladimir Putin. AFP
Chelsea's Russian owner Roman Abramovich has had his UK assets frozen by the British government for his ties to Russian president Vladimir Putin. AFP
Graffiti in support of the football club near Stamford Bridge in London, the home ground of Chelsea FC. The club's owner owner Roman Abramovich was sanctioned by the UK government on Thursday. PA
Graffiti in support of the football club near Stamford Bridge in London, the home ground of Chelsea FC. The club's owner owner Roman Abramovich was sanctioned by the UK government on Thursday. PA
A member of Chelsea Football Club's security staff walks at the entrance to Stamford Bridge, following Britain's imposing of sanctions on the club's Russian owner, Roman Abramovich. Reuters
A member of Chelsea Football Club's security staff walks at the entrance to Stamford Bridge, following Britain's imposing of sanctions on the club's Russian owner, Roman Abramovich. Reuters
A board at Chelsea Football Club's stadium, Stamford Bridge, advises visitors that all tickets are sold out for the next game, versus Newcastle United, following Britain's imposing of sanctions on the club’s Russian owner, Roman Abramovich. Reuters
A board at Chelsea Football Club's stadium, Stamford Bridge, advises visitors that all tickets are sold out for the next game, versus Newcastle United, following Britain's imposing of sanctions on the club’s Russian owner, Roman Abramovich. Reuters
Graffiti on boarding at a construction site next to Chelsea Football Club at Stamford Bridge. Getty Images
Graffiti on boarding at a construction site next to Chelsea Football Club at Stamford Bridge. Getty Images
Russian billionaire and owner of Chelsea football club Roman Abramovich. Reuters
Russian billionaire and owner of Chelsea football club Roman Abramovich. Reuters

There are already a number of known bids for the West London club. Swiss billionaire Hansjorg Wyss and American businessman Todd Boehly lead a consortium, while property developer and lifelong Blues fan Nick Candy said last week he was part of a group that had bid more than £2 billion ($2.6bn) for the club.

Chicago Cubs chairman Tom Ricketts and his family have also confirmed their bid to purchase the club..

While their is considerable consternation off the pitch, Chelsea continue to flourish on it. On Friday the Blues secured a place in the FA Cup semi-finals with a 2-0 win over second-tier Middlesbrough hours after learning they will face Spanish giants Real Madrid in the quarter-finals of the Champions League.

Thomas Tuchel's side are currently third in the Premier League but do not play again until after the international break.

Chelsea v Middlesbrough ratings

MIDDLESBROUGH RATINGS: Joe Lumley - 6, Should have done more to save Hakem Ziyech’s shot but wasn’t given much of a chance by Mason Mount’s pass to Romelu Lukaku. Did well to deny Timo Werner’s header. PA
MIDDLESBROUGH RATINGS: Joe Lumley - 6, Should have done more to save Hakem Ziyech’s shot but wasn’t given much of a chance by Mason Mount’s pass to Romelu Lukaku. Did well to deny Timo Werner’s header. PA
Anfernee Dijksteel - 7, Couldn’t keep up with Lukaku for the opener but made a superb intervention to deny the Belgian later in the half. Did brilliantly to step up and dispossess Christian Pulisic to create a chance for Duncan Watmore, then made an impressive block to stop Mount’s cross. PA
Anfernee Dijksteel - 7, Couldn’t keep up with Lukaku for the opener but made a superb intervention to deny the Belgian later in the half. Did brilliantly to step up and dispossess Christian Pulisic to create a chance for Duncan Watmore, then made an impressive block to stop Mount’s cross. PA
Dael Fry - 5, Made a mess of Mount’s early cross and could have done more to make life difficult for Lukaku when the Belgian scored the opener. Did well to stop Lukaku reaching Ziyech’s cross later in the half. AFP
Dael Fry - 5, Made a mess of Mount’s early cross and could have done more to make life difficult for Lukaku when the Belgian scored the opener. Did well to stop Lukaku reaching Ziyech’s cross later in the half. AFP
Paddy McNair - 5, Along with Neil Taylor, he struggled to deal with Chelsea’s threat down the right and Mount got away from him for the opener. Was forced off injured soon after half time. PA
Paddy McNair - 5, Along with Neil Taylor, he struggled to deal with Chelsea’s threat down the right and Mount got away from him for the opener. Was forced off injured soon after half time. PA
Isaiah Jones - 7, Showed a lot of good energy and quality in his play whether going forward or defending. This was shown with a good recovery run to deny Christian Pulisic and helped to create overloads. Played a great one-two to get behind but saw his cross stopped by Mendy. Getty
Isaiah Jones - 7, Showed a lot of good energy and quality in his play whether going forward or defending. This was shown with a good recovery run to deny Christian Pulisic and helped to create overloads. Played a great one-two to get behind but saw his cross stopped by Mendy. Getty
Matt Crooks - 6, Got into some great areas and impacted the game, but struggled to make the final pass at times. Did well to break forward before Folarin Balogun fired over. Reuters
Matt Crooks - 6, Got into some great areas and impacted the game, but struggled to make the final pass at times. Did well to break forward before Folarin Balogun fired over. Reuters
Jonny Howson - 6, Got through a lot of good work in the middle and was integral to a period in the first half where Middlesbrough were momentarily on top. Hit a shot comfortably over the crossbar. AFP
Jonny Howson - 6, Got through a lot of good work in the middle and was integral to a period in the first half where Middlesbrough were momentarily on top. Hit a shot comfortably over the crossbar. AFP
Marcus Tavernier - 6, Showed plenty of energy and did a lot of good work for the team. Hit a dangerous free-kick that Lukaku headed over. Reuters
Marcus Tavernier - 6, Showed plenty of energy and did a lot of good work for the team. Hit a dangerous free-kick that Lukaku headed over. Reuters
Neil Taylor - 4, Struggled to deal with Chelsea’s threat down the right and was easily beaten by Ziyech for the Blues’ second. Didn’t offer much going forward. Getty
Neil Taylor - 4, Struggled to deal with Chelsea’s threat down the right and was easily beaten by Ziyech for the Blues’ second. Didn’t offer much going forward. Getty
Folarin Balogun - 4, Anonymous for most of the first half and couldn’t react quickly enough to get his header on target when a chance did come. Hit a terrible shot after a good move. AP
Folarin Balogun - 4, Anonymous for most of the first half and couldn’t react quickly enough to get his header on target when a chance did come. Hit a terrible shot after a good move. AP
Aaron Connolly - 4, Made a great run behind Thiago Silva that didn’t eventually lead to anything but struggled to impact the game much outside of that. AP
Aaron Connolly - 4, Made a great run behind Thiago Silva that didn’t eventually lead to anything but struggled to impact the game much outside of that. AP
SUBS: Sol Bamba (Fry, HT) - 7, His first tackle was a good one to stop Lukaku breaking through. He then made a big header to stop a cross reaching the Belgian and did well to block Werner’s shot. AFP
SUBS: Sol Bamba (Fry, HT) - 7, His first tackle was a good one to stop Lukaku breaking through. He then made a big header to stop a cross reaching the Belgian and did well to block Werner’s shot. AFP
Lee Peltier (McNair, 53’) - 6, Did well to block Mount’s shot and was solid, though he was second to the ball a few times. Reuters
Lee Peltier (McNair, 53’) - 6, Did well to block Mount’s shot and was solid, though he was second to the ball a few times. Reuters
Marc Bola (Taylor, 58’) - 6, Got into a good position to cross but slipped at the vital moment. Impressed with a lot of his play and even brought out a nice drag back. Getty
Marc Bola (Taylor, 58’) - 6, Got into a good position to cross but slipped at the vital moment. Impressed with a lot of his play and even brought out a nice drag back. Getty
Josh Coburn (Balogun, 74’) – N/R, Put himself about brilliantly to make things uncomfortable for Chelsea. Did fantastically to get behind the Chelsea defence before hitting a cross that tested Mendy. Getty
Josh Coburn (Balogun, 74’) – N/R, Put himself about brilliantly to make things uncomfortable for Chelsea. Did fantastically to get behind the Chelsea defence before hitting a cross that tested Mendy. Getty
CHELSEA RATINGS: Edouard Mendy - 7, Confident whenever called upon and remained aware throughout the game. AP
CHELSEA RATINGS: Edouard Mendy - 7, Confident whenever called upon and remained aware throughout the game. AP
Cesar Azpilicueta - 8, Looked comfortable when he had the ball in tight areas and defended well throughout the game. Did brilliantly to dispossess Watmore when it appeared the substitute might break through. Action Images
Cesar Azpilicueta - 8, Looked comfortable when he had the ball in tight areas and defended well throughout the game. Did brilliantly to dispossess Watmore when it appeared the substitute might break through. Action Images
Thiago Silva - 8, Key to breaking Middlesbrough’s press for the opener and defended confidently throughout. Had a header that trickled past the Middlesbrough post. Getty
Thiago Silva - 8, Key to breaking Middlesbrough’s press for the opener and defended confidently throughout. Had a header that trickled past the Middlesbrough post. Getty
Antonio Rudiger - 7, Mishit his volley in the opposition box but was his typically solid self in defence and gave very little away. AP
Antonio Rudiger - 7, Mishit his volley in the opposition box but was his typically solid self in defence and gave very little away. AP
Malang Sarr - 7, Did well to deal with Middlesbrough’s overloads on his side in the first half and played a great pass to Mateo Kovacic to get the team going for the second goal. He looked stretched at times in the second period. Reuters
Malang Sarr - 7, Did well to deal with Middlesbrough’s overloads on his side in the first half and played a great pass to Mateo Kovacic to get the team going for the second goal. He looked stretched at times in the second period. Reuters
Mateo Kovacic - 8, Put in an impressive display in midfield and was wonderfully intricate at times. He played an integral part in the move for the Blues’ second goal. PA
Mateo Kovacic - 8, Put in an impressive display in midfield and was wonderfully intricate at times. He played an integral part in the move for the Blues’ second goal. PA
Ruben Loftus-Cheek - 7, Recovered after slipping on the edge of his own box but didn’t learn and lost the ball a matter of minutes later, being incredibly lucky that Middlesbrough couldn’t capitalise. Didn’t let that derail him and put in a confident performance, especially in the second half. PA
Ruben Loftus-Cheek - 7, Recovered after slipping on the edge of his own box but didn’t learn and lost the ball a matter of minutes later, being incredibly lucky that Middlesbrough couldn’t capitalise. Didn’t let that derail him and put in a confident performance, especially in the second half. PA
Mason Mount - 8, Made a great run and pass for the opener, then played the ball to Ziyech for the second in a display that had Taylor and McNair struggling to keep up with him. Did brilliantly to create the opening for Timo Werner’s chance. AFP
Mason Mount - 8, Made a great run and pass for the opener, then played the ball to Ziyech for the second in a display that had Taylor and McNair struggling to keep up with him. Did brilliantly to create the opening for Timo Werner’s chance. AFP
Hakim Ziyech - 8, Had a great weight of pass for Mount in the buildup to the opener, then cut inside Taylor and fired into the far corner for their second. Looked very confident throughout. AP
Hakim Ziyech - 8, Had a great weight of pass for Mount in the buildup to the opener, then cut inside Taylor and fired into the far corner for their second. Looked very confident throughout. AP
Romelu Lukaku - 7, Applied the finishing touch for the opener having hardly seen the ball beforehand and was unlucky to see his shot cleared off the line by Dijksteel. Did well to head Tavernier’s free-kick at the other end. Action Images
Romelu Lukaku - 7, Applied the finishing touch for the opener having hardly seen the ball beforehand and was unlucky to see his shot cleared off the line by Dijksteel. Did well to head Tavernier’s free-kick at the other end. Action Images
Christian Pulisic - 4, Largely cut a frustrated figure in the first half, as was encapsulated when he slipped towards the end. Conceded possession on the edge of his own box having been anonymous in the second period but was lucky to see Watmore sky his effort. Was brought off soon after. AFP
Christian Pulisic - 4, Largely cut a frustrated figure in the first half, as was encapsulated when he slipped towards the end. Conceded possession on the edge of his own box having been anonymous in the second period but was lucky to see Watmore sky his effort. Was brought off soon after. AFP
SUBS: Timo Werner (Pulisic, 69’) - 6, Was unlucky to see his header saved then had a shot blocked by Bamba. Was positive in his play. AFP
SUBS: Timo Werner (Pulisic, 69’) - 6, Was unlucky to see his header saved then had a shot blocked by Bamba. Was positive in his play. AFP
N’Golo Kante (Kovacic, 69’) - 6, Moved the ball well and made a good burst up the pitch. PA
N’Golo Kante (Kovacic, 69’) - 6, Moved the ball well and made a good burst up the pitch. PA
Kenedy (Ziyech, 82’) – N/R, Almost played through Harvey Vale but his pass was cut out. AP
Kenedy (Ziyech, 82’) – N/R, Almost played through Harvey Vale but his pass was cut out. AP
Harvey Vale (Lukaku, 84’) – N/R, Will have been pleased to get on the pitch, but things could have been so much better as some through balls aimed in his direction were cut out well. Had drifted offside when the ball did reach him. PA
Harvey Vale (Lukaku, 84’) – N/R, Will have been pleased to get on the pitch, but things could have been so much better as some through balls aimed in his direction were cut out well. Had drifted offside when the ball did reach him. PA
UAE currency: the story behind the money in your pockets
Company profile

Name: Infinite8

Based: Dubai

Launch year: 2017

Number of employees: 90

Sector: Online gaming industry

Funding: $1.2m from a UAE angel investor

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

UAE currency: the story behind the money in your pockets
The specs

Engine: 2.0-litre four-cylinder turbo

Power: 268hp at 5,600rpm

Torque: 380Nm at 4,800rpm

Transmission: CVT auto

Fuel consumption: 9.5L/100km

On sale: now

Price: from Dh195,000 

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

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Singapore

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Australia

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Saudi Arabia

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Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
ESSENTIALS

The flights

Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.

The hotels

Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.

The tours

A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages. 

Federer's 19 grand slam titles

Australian Open (5 titles) - 2004 bt Marat Safin; 2006 bt Marcos Baghdatis; 2007 bt Fernando Gonzalez; 2010 bt Andy Murray; 2017 bt Rafael Nadal

French Open (1 title) - 2009 bt Robin Soderling

Wimbledon (8 titles) - 2003 bt Mark Philippoussis; 2004 bt Andy Roddick; 2005 bt Andy Roddick; 2006 bt Rafael Nadal; 2007 bt Rafael Nadal; 2009 bt Andy Roddick; 2012 bt Andy Murray; 2017 bt Marin Cilic

US Open (5 titles) - 2004 bt Lleyton Hewitt; 2005 bt Andre Agassi; 2006 bt Andy Roddick; 2007 bt Novak Djokovic; 2008 bt Andy Murray

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A
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The%C2%A0specs%20
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RACE CARD

6.30pm: Al Maktoum Challenge Round-3 – Group 1 (PA) $65,000 (Dirt) 2,000m

7.05pm: Handicap (TB) $65,000 (Turf) 1,800m

7.40pm: Meydan Classic – Listed (TB) $88,000 (T) 1,600m

8.15pm: Nad Al Sheba Trophy – Group 3 (TB) $195,000 (T) 2,810m

8.50pm: Dubai Millennium Stakes – Group 3 (TB) $130,000 (T) 2,000m

9.25pm: Meydan Challenge – Listed Handicap (TB) $88,000 (T) 1,400m

If you go...

Flying
There is no simple way to get to Punta Arenas from the UAE, with flights from Dubai and Abu Dhabi requiring at least two connections to reach this part of Patagonia. Flights start from about Dh6,250.

Touring
Chile Nativo offers the amended Los Dientes trek with expert guides and porters who are met in Puerto Williams on Isla Navarino. The trip starts and ends in Punta Arenas and lasts for six days in total. Prices start from Dh8,795.

How to donate

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

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