The Chelsea sales process has taken more time to complete than expected, as the fans were expecting to have a new owner at the end of March, but the Raine Group who is overseeing the sales process have taken their time to make sure the sale of the club go through all necessary process to get the best possible owner for the club, which has extended the time frame to conclude the deal for a new owner.
The Raine Group has adopted auctioning method in the sales process of the club, and a lot of billionaires has shown interest to buy the club and become the next owners of the club, but after the first phase of the sales process, four parties where selected as preferred bidders to progress to the next round.
After the deadline that was set for the revised bids to be submitted by the four parties, only three were able to submit bids before the deadline, with the Ricketts family dropping from the race.
The Chelsea fans are now waiting for the Raine Group to select the most preferred bids from the three parties, and announce them as the new owners of the club.
According to report, we will be writing on the possible time when the Raine Group would announce the most preferred bidder to become the new owner of the club and complete the take over.
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The Raine Group is expected to select a preferred bidder by the end of April, which is just a week away from now, according to reports, the Raine Group are currently evaluating the three bids that was sent in, and they would be making a decision by the end of this month.
A new era would finally kick off at Chelsea at the end of this month, where the new owner would begin their reigns, and the fans would hope the new owners back their manager Thomas Tuchel in the transfer market this summer.
The Todd Boehly’s consortium, Sir Martin Broughton’s Consortium, and the Stephen Pagliuca’s group are the three parties still in the running to be named the next owners of the club, among which one will be selected at the end of this month.