The four prospective new owners interested in taking over Chelsea have been given till April 11 to submit their final bids to buy the EPL club.
The Raine Group, the New York merchant bank in charge of the sale, has set that deadline for final bids to keep Chelsea on course to have new owners by May.
Chelsea’s remaining suitors will have the chance to table improved offers to buy the Stamford Bridge club, with commitments required for at least one billion pounds (1.3 billion dollars) of future spending.
Chelsea have instructed Raine to seek those future spending commitments to safeguard the west London club’s future at football’s elite level.
Boston Celtics co-owner Stephen Pagliuca was the final addition to the four-strong shortlist to buy Chelsea on Friday.
The 67-year-old billionaire co-chairman of Bain Capital boasts a solid offering to buy the Blues.
Chicago Cubs owners the Ricketts family, former Liverpool chairman Sir Martin Broughton and LA Dodgers part-owner Todd Boehly are the other bidders still in the race.
The sales of Chelsea comes after The UK government sanctioned Russian billionaire Roman Abramovich amid Russia’s continued invasion of Ukraine.