Chelsea bidders wait for news after submitting improved offers for club

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  • Bids from four groups have been given to bank handling sale
  • Highest bid will not necessarily be successful, it is believed

The four groups trying to buy Chelsea face an anxious wait after lodging improved bids for the club on Thursday. The merits of each offer are being assessed by Roman Abramovich and the club’s board, and Raine, the American bank handling the sale, is expected to take a preferred bidder to the UK government for approval early next week.

Raine’s input is likely to have an influence on the Chelsea hierarchy’s decision and it is believed that the highest bid will not necessarily be the successful one. Abramovich, who was hit with sanctions after Russia’s invasion of Ukraine, is also expected to take into account the club’s future wellbeing. The Russian billionaire wants Chelsea, who could be sold for as much as £2.75bn, to be in good hands.

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from Football | The Guardian https://www.theguardian.com/football/2022/apr/15/chelsea-bidders-submit-improved-offers-for-club

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