The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Chelsea soccer club owner Roman Abramovich sits in his box before their English Premier League soccer match against Sunderland at Stamford Bridge stadium in London, Dec. 19, 2015. AP
Raine Group, a U.S. bank overseeing the sale of Premier League club Chelsea, plans to narrow down the shortlist of bidders to three on Monday or Tuesday, sources close to the deal told Reuters.
Chelsea were initially put up for sale by owner Roman Abramovich following Russia's invasion of Ukraine and before sanctions were imposed on the oligarch by the British government, effectively giving it control of the club.
Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today