Chelsea sale: Raine Group to make huge decision on ‘preferred bidders’ in the next 24 hours

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Chelsea sale: Raine Group to make huge decision on ‘preferred bidders’ in the next 24 hours

According to latest reports, Raine Group, the New York investment bank running the sale of Chelsea on behalf of Roman Abramovich, will announce the preferred bidders for Chelsea in the next 24 hours.

However, Six public bids were made to buy Chelsea before Friday’s deadline along with other private bids.

Raine Group intends to narrow down the bids received to just three and is hoping to make the decision on which bidders will go to the next stage of the process by Tuesday, March 22.

Although the eventual owner of Chelsea is currently not known by anybody, there are feelings around the process that a United States consortium will win.