Chicago Cubs owner Thomas Ricketts has joined a consortium seeking to buy Chelsea.
The Ricketts family, who own the Illinois-based baseball team, have linked up with billionaire hedge fund tycoon Ken Griffin to put together an investment group which will aim to take over from Roman Abramovich.
An official announcement about the bid is set to be released later today.
On Wednesday, a spokesman for the consortium told Sky News: "The Ricketts Family, owners of the Chicago Cubs, can confirm they will be leading an investment group that will make a formal bid for Chelsea Football Club this Friday.
"As long-time operators of an iconic professional sports team, the Ricketts Family and their partners understand the importance of investing for success on the pitch, while respecting the traditions of the club, the fans and the community.
"We look forward to sharing further details of our plans in due course."
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