Lawyers to Chelsea owner, Roman Abramovich have urged interested parties to make their offers to buy the club by Friday, Goal reports.
Los Angeles Dodgers part-owner, Todd Boehly is believed to be behind a consortium with Swiss billionaire Hansjorg Wyss, with the two having worked together in business before.
The sale of Chelsea is being overseen by a New York-based merchant bank, Raine Group, on behalf of Abramovich.
Abramovich is keen to sell his assets in the UK before any sanctions are imposed following Russia’s invasion of Ukraine.
British lawmakers are working to sanction high net-worth individuals from Russia who may have affiliations with President Vladimir Putin.
The leader of the Labour Party, Sir Keir Starmer MP, is the latest to question why Abramovich hasn’t already been sanctioned by the UK.
Any sanctions from the United States or European Union (EU) could also bar Abramovich from moving the funds of any sale of the Premier League club, with that having wide-reaching implications in the UK.
The 55-year-old confirmed that the Blues is officially for sale in a statement released on Wednesday.