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Owners of U.S. baseball team and Citadel's Griffin team up for Chelsea bid

Russian billionaire and owner of Chelsea football club Roman Abramovich arrives at a division of the High Court in central London October 31, 2011. REUTERS

The owners of U.S. baseball team the Chicago Cubs have teamed up with Citadel founder Ken Griffin to work on a bid to buy English Premier League soccer club Chelsea, a spokesperson for Griffin confirmed to Reuters on Wednesday.

The Cubs' owners, the Ricketts family, and Griffin have formed an investment group which is set to make a formal offer for the London club on Friday.

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