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One of the bidders of Chelsea football club the Ricketts-led consortium has stepped down bids to purchase Chelsea.
The Ricketts consortium announced on Friday it had withdrawn its bid to buy Premier League club Chelsea, which is being sold by owner Roman Abramovich.
Ricketts corsotirum who also owns the Chicago Cubs and their partners have taken a decision not to table a final for the acquisition of the Chelsea which was put up for sale by owner Roman Abramovich.
Cubs owners Tom and Laura Ricketts had partnered with US billionaires Ken Griffin and Dan Gilbert on a cash-only bid to buy the Blues.
.Final bids were due to be submitted to New York merchant bank the Raine Group on Thursday, but the Ricketts-led group has now withdrawn its candidacy.