Chelsea bidder worth three times more than Roman Abramovich warns of 'bleeding money'

dailystar.co.uk:

Chelsea bidder has warned the club that they are currently 'bleeding money' while they look for a new owner with a 'clock ticking' on their decision-making process.

Centricus' co-founder Nizar Al-Bassam, a season ticket holder at Stamford Bridge, has teamed up with asset managers Jonathan Lourie, Bob Finch and Garth Ritchie to put in an ownership bid.

The group, who have pledged to invest in the club and community if they are selected to take over - have also admitted that they will seek to make a profit from their hefty investment and are not solely interested because of a love for football.Al-Bassam, who has a net worth of £33billion which is more than three times larger than former owner Roman Abramovich at £10.2bn, has also spoken out about his desire for the club to make a swift decision, believing that their current predicament is not helpful.

Speaking to the Daily Mail this week, he said: "We oversee £40bn assets. "We've been focused on content for a number of years, the FIFA work, the UEFA work, is all built around our view that content is a very, very dominant aspect of technology going forward and sports is a very core, key aspect of content." Will Chelsea challenge for the Premier League title next season?