- Advisers will move fast to present preferred bidder to ministers
- Host of international suitors have put forward offers
The Raine Group, the US Bank handling the sale of Chelsea, could be in a position to take its preferred bidder to the government for approval by the end of this week if the process moves smoothly over the next 48 hours.
Potential buyers spent Monday waiting anxiously to find out if they had made it to the next stage of the process. Raine has been assessing the merits of each bidder since the deadline to make offers for Chelsea passed last Friday and the expectation is that the bank will have reduced the field to a shortlist of three groups by Wednesday morning at the latest.
Written by Jacob Steinberg
This news first appeared on https://www.theguardian.com/football/2022/mar/21/abramovich-chelsea-buyer-sale under the title “Identity of post-Abramovich Chelsea buyer could emerge by end of week”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
