Danny Finklestein confirms his participation in the consortium’s tender for the acquisition of Chelsea FC
Times columnist and former government adviser Danny Finklestein has confirmed his involvement in a consortium seeking to take over Chelsea Football Club.
Finklestein, a longtime Chelsea fan, tweeted a statement in which he said he was “delighted” to be part of US dealmaker Todd Boehly’s bid to buy the west London club.
The Jewish reporter also appeared to confirm the involvement of former Jewish Leadership Council president Jonathan Goldstein in the bid.
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He described the Cain International chief investment officer as a “brilliant man who knows his football”.
Goldstein, a Tottenham Hotspur fan, was linked with the offer last week. “We would be lucky to have him,” Finkelstein said.
Finkestein’s statement came after Bloomberg reported that Boehly planned to appoint him and famed PR executive Barbara Charone as non-executive directors of Chelsea’s board if his bid for the club is successful. .
The club is being sold by Russian billionaire Roman Abramovich after it was sanctioned by the British government following the Russian invasion of Ukraine and scrutiny of its links to President Vladimir Putin.
Finkelstein, who has previously advised Tory Prime Ministers John Major, David Cameron and Theresa May, tweeted of the consortium: “These are smart guys who don’t just have money to invest – they know how use it.”
He highlighted Boehly’s success with the LA Dodgers baseball team in the United States.
Finklestein also recently took part in a government review of football governance in the UK
Charone, meanwhile, a Chelsea season ticket holder, is a hugely successful PR executive with artists like Madonna and the Foo Fighters.
Other bidders for Chelsea include Oaktree Capital Management, the distressed debt specialist founded by Howard Marks, British property developer Nick Canday and Josh Harris, co-founder of Apollo Global Management Inc., among others.
The UK government has insisted Abramovich, who was sanctioned for his links to Russian President Putin last week, will not ‘benefit’ from any sale of the club.
Any new buyers will first need to obtain a license in order to buy the club for a rumored £2billion.
Meanwhile, investment banker Michael Klein has joined the consortium of Sir Martin Broughton and Lord Sebastian Coe to buy Chelsea.
Klein adds another major boost to Broughton’s bid for the Premier League club, with the American investment specialist’s advisory role indicating significant financial backing.
Creative Artists Agency and Evolution Media Capital have also partnered with Broughton’s bid, according to the PA news agency.
World Athletics chairman and London 2012 chief Coe confirmed his addition to Broughton’s bid on Wednesday, in the first major coup for the former Liverpool chairman.
Klein helped advise then-Prime Minister Gordon Brown on the 2008 UK banking crisis and also advised Broughton’s Liverpool rescue act in 2010.
Broughton took on a short-term chairmanship at Liverpool to oversee the sale to current owners Fenway Sports Group, who ushered in prosperity and success at Anfield.