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Cleveland Cavaliers owner Dan Gilbert 'is among backers of Ricketts family's bid to buy Chelsea... with one of America's wealthiest men - whose net worth is estimated at £24BILLION - joining Ken Griffin in consortium'

The Ricketts family's bid to buy Chelsea is backed by Cleveland Cavaliers owner Dan Gilbert, the PA news agency understands.

Gilbert heads Rock Entertainment Group and boasts a personal estimated net worth of £24billion.

The 60-year-old numbers among America's wealthiest men, and adds yet more financial muscle to the Chicago Cubs-owning Ricketts family's bid to buy Chelsea.

The Ricketts family's bid to buy Chelsea is backed by Cleveland Cavaliers owner Dan Gilbert
He adds financial muscle to the Chicago Cubs-owning Ricketts family's bid to buy Chelsea

Ken Griffin is the other main financial power in the Ricketts consortium, with the hedge fund magnate's personal fortune estimated at £22billion.

Gilbert and Griffin are understood to have been signed up to the Ricketts consortium from the start of the family's bid to take the helm at the Stamford Bridge club.