Lord Karan Bilimoria joins Ricketts family’s bid to buy Chelsea

Cobra Beer founder Lord Karan Bilimoria joined the Ricketts family’s bid to buy Chelsea.

The Chelsea fan and founding chairman of the UK’s Indian Business Council adds political clout to Chicago Cubs owner Ricketts’ bid to buy the Blues.

American billionaires Ken Griffin and Dan Gilbert have teamed up with Tom and Laura Ricketts to put together a strong bid for Chelsea, with the sale expected to fetch a sports franchise record £3bn.

And now Bilimoria has joined the consortium with plans to act as the club’s ambassador should Ricketts’ bid prove successful.

CBI Annual Conference

Lord Karan Bilimoria, left, with Labor leader Sir Keir Starmer, center, (Jacob King/PA)

“I founded Cobra Beer just down the street from Stamford Bridge and have been a season ticket holder for many years,” Bilimoria said.

“So when Tom Ricketts approached me about discussing a lead role in his offering group, there was no way I could say no.

“Tom and the wider group have a proven track record of running successful sports teams and a strong vision for both the club and the local community.”

Russian-Israeli billionaire Roman Abramovich put Chelsea up for sale on March 2, amid Russia’s ongoing invasion of Ukraine.

The UK government then sanctioned the 55-year-old on March 10, with Downing Street claiming to have proven his links to Vladimir Putin.

Chelsea have been granted a special government license to continue operating, albeit under strict terms.

Abramovich cannot benefit from the sale of Chelsea, but had already promised to pay off the club’s £1.5bn debt.

The Ricketts family, LA Dodgers co-owner Todd Boehly, British business titan Jonathan Goldstein, Sir Martin Broughton and Lord Sebastian Coe, and Boston Celtics co-owner Steve Pagliuca are the final four contenders to buy the Blues.

Bilimoria founded Cobra Beer in an apartment in Fulham in 1989, and now chairs Change the Race Ratio, a body set up to champion ethnic minority diversity in UK business.

He was appointed Lord Bilimoria of Chelsea in 2006, becoming the first Zoroastrian Parsi to sit in the House of Lords, as an independent cross-bench peer.

Bilimoria also became the first Indian-born Chancellor of a Russell Group university in Britain when he took up that role at the University of Birmingham in 2014.

“We have always been clear that having local experience and perspectives in our offering is vital,” said Tom Ricketts.

“Given Lord Bilimoria’s unrivaled credentials and his love of Chelsea, he is the perfect addition to our team.”

Enjoy your first month for only £1 / $1 / €1

* Read 5 free articles per month without subscription