Two leading contenders to buy Chelsea revealed

Tension among Chelsea fans are beginning to heighten with the sudden club sale taking longer than expected as fans are clamouring for the club to get back to it’s full function.

The two leading contenders to buy Chelsea Football Club have been revealed.

Raine Group was on Wednesday expected to announce the final contenders to buy Chelsea FC.

The American bank has given a new timeline of when they hope to notify bidders of their decision over the takeover of Chelsea.

Recall that Raine, a New York-based investment bank, has been overseeing the process of Chelsea sale since Roman Abramovich first announced his intention to sell the Blues.

No less than 30 bids were submitted to Raine ahead of the 9 pm (UK) deadline last Friday and over the weekend.

Raine has been working its way through all offers and proposals.

However, according to The Telegraph, the two frontrunners to buy Chelsea are the Todd Boehly consortium, who they claim are expected to be shortlisted, and Sir Martin Broughton’s consortium.

We keep our fingers crossed as we await the final shortlist.

Saudi Media Group out of race to buy Chelsea from Abramovich

The Saudi Media Group is out of the race to take over Chelsea Football Club.

This was confirmed on Thursday, via the official Twitter of the CEO of the group, Khalid AlKhudair.

AlKhudair expressed disappointment that their attempt to buy the Blues was terminated and did not make it into the final stage of the bid.

He wrote: “We did our best, disappointed. But we will continue to bleed #Blue.”

Investment Bank, Raine Group, communicated the decision to the group on behalf of Chelsea.

The bank will now move on with other options, as they look to find new owners to replace Roman Abramovich.

The Tod Boehly’s consortium, the Ricketts family and Sir Micheal Broughton’s joint bid with Lord Sebastian Coe are believed to be leading the race to take over the club, according to Goal.

Raine Group is expected to send an email to the remaining suitors in the coming days about this status in the coming days where their proposals will be scrutinised.

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