Submits a Bid of US$2.6bn

Hana Financial Group is bidding for the Chelsea Football Club.

Hana Financial Group is bidding for the Chelsea Football Club in the English Premier League (EPL) in partnership with British property developer Nick Candy and Korean sports management company C&P Sports Group.

The Guardian, a British daily newspaper, and Sports Illustrated, a U.S. sports media outlet, reported on March 18 (local time) that Hana Financial Group and C&P Sports Group have participated in “The Blue Football Consortium” led by Nick Candy.

The Chelsea Football Club was put up for sale after Russia invaded Ukraine. Roman Abramovich, the owner of the club, is close to Russian President Vladimir Putin, which prompted the U.K. government to put him under far-reaching sanctions. He announced on March 3 the sale of the football club, which he acquired in 2003 for 140 million pounds (about 225.3 billion won), including 75 million pounds (about 120.7 billion won) in debt.

Candy said his consortium submitted a bid of US$2.6 billion. The consortium is competing with several bidders, including the Ricketts Family consortium; a consortium led by Sir Martin Broughton, a British businessman and deputy chairman of International Airlines Group, the parent company of British Airways; and a consortium led by Todd Boehly, a partial owner of the LA Dodgers.

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