This came after he declared he gave “stewardship” of Chelsea to trustees of the club’s charitable foundation.
Afterward, the European Union placed Abramovich on its list of sanctioned individuals, while the UK government
as part of its efforts to “isolate” Russian President Vladimir Putin following Russia’s invasion of Ukraine.
Abramovich has always denied being linked to Putin and rejected claims that any of his activities merited government sanctions.
A representative of the Ricketts group told CNN the decision to withdraw was not due to the backlash, clarifying that the family had productive meetings with supporter groups. In the end, the representative said, the two sides just couldn’t reach an agreement.
The Ricketts family had partnered with US billionaires Dan Gilbert, the owner of Basketball’s Cleveland Cavaliers, and Dan Griffin, a hedge fund founder, in their pursuit of the team.
After announcing their bid to purchase the club, the Ricketts family came under fire due to leaked emails revealed in 2019 that Joe Ricketts — the family patriarch, who was not involved in the potential purchase of Chelsea — had made anti-Muslim comments, in a series of emails during the 2012 US election cycle. Among other things, Joe Ricketts called Muslims “our enemy.”
“The Ricketts-Griffin-Gilbert Group has decided, after careful consideration, not to submit a final bid for Chelsea F.C. In the process of finalizing their proposal, it became increasingly clear that certain issues could not be addressed given the unusual dynamics around the sales process,” the owners of Major League Baseball’s Chicago Cubs said in a statement to CNN.