Chelsea Bidders Shortlist To Be Reduced To 3 Names By Tuesday, Reuters Confirm

According to Reuters, Raine Group, the bank overseeing the sale of Chelsea, plan to narrow the shortlist of the bidders down to three on Monday or Tuesday.

The process is complicated, not the least because news of the new bids keep coming, even though the deadline was on Friday. Overall, dozen of bids have been submitted.

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The hope is to determine the eventual buyer in the next few weeks. The winner will then be submitted to the UK government who will have to issue a special licence for the sale of the club that has been a frozen asset due to the sanctions against Roman Abramovich.

After that, the prospective owner will have to pass the Premier League’s Owners’ and Directors’ Test before the turnover is complete.