Football

Chelsea news LIVE: Takeover bid from Nick Candy backed by AC Milan owners as sale shortlist set to be named

The sale of Chelsea FC continues to drag on as the New York merchant bank overseeing the process, the Raine Group, compiles a shortlist of three preferred offers.

The various interested parties had expected to receive word on whether they had made the final three early this week but the complexity of the deal and information involved has meant more time is needed, despite the clear urgency of the matter following Roman Abramovich’s santions by the UK government.

British property tycoon Nick Candy revealed he “significantly” increased the amount offered for the club. American-backed bids from LA Dodgers part-owner Todd Boehly and Chicago Cubs owners the Ricketts family are among the frontrunners to take over – although a supporters group have expressed their distaste at the Ricketts bid – while Sir Martin Broughton and Lord Sebastian Coe have a potent offering lodged and Saudi Media Group is another of the bids understood to carry clout. London-based global investment firm Centricus confirmed its bid to buy Chelsea on Monday, with a consortium comprising four Blues supporters.

Chelsea are currently banned from selling match tickets to fans but the FA are ‘working with government’ to allow Blues fans to purchase tickets to their upcoming FA Cup semi-final against Crystal Palace.

Follow all the latest Chelsea takeover news below:

Xural.com

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