The Ricketts-led consortium announced on Friday it had withdrawn its bid to buy Premier League club Chelsea, which is being sold by owner Roman Abramovich.

The Chicago Cubs owners and their partners opted not to submit a final bid for the Blues, with the consortium members understood to be unable to agree the final composition of their offer.

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.

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