The bid was being led by Cubs chairman Tom Ricketts but faced opposition from Chelsea fans over Islamophobic comments by his father, Joe, that featured in leaked emails three years ago.
"The Ricketts-Griffin-Gilbert Group has decided, after careful consideration, not to submit a final bid for Chelsea FC," the group said in a statement. "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. We have great admiration for Chelsea and its fans, and we wish the new owners well.
Placing my bid at 1 dollar Canadian 3
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