1 Yank knocked back.
City sources said that Liberty Media Acquisition Corp (LMAC), a New York-listed special purpose acquisition company - or SPAC - was among the parties which was eliminated from the auction, largely because of the complexity of finalising a deal on a timetable which was truncated by Mr Abramovich's sanctioning.
Mr Malone, who has placed huge bets on sports by engineering the takeovers of Formula One motor racing and the Atlanta Braves Major League Baseball team, is said to have lodged a credible offer for Chelsea.
Had it been successful, it would have seen Chelsea join Manchester United as a US-listed company.
SPAC mergers typically take months to finalise and often involve a degree of uncertainty because of the need to raise additional financing from investors.
news.sky.com
City sources said that Liberty Media Acquisition Corp (LMAC), a New York-listed special purpose acquisition company - or SPAC - was among the parties which was eliminated from the auction, largely because of the complexity of finalising a deal on a timetable which was truncated by Mr Abramovich's sanctioning.
Mr Malone, who has placed huge bets on sports by engineering the takeovers of Formula One motor racing and the Atlanta Braves Major League Baseball team, is said to have lodged a credible offer for Chelsea.
Had it been successful, it would have seen Chelsea join Manchester United as a US-listed company.
SPAC mergers typically take months to finalise and often involve a degree of uncertainty because of the need to raise additional financing from investors.
Bidders told to commit £1bn to future of Chelsea as four-way shootout looms
A 'blank cheque' company set up by F1-owner Liberty Media was among the bidders for Chelsea Football Club whose offers were rejected this week, Sky News learns.