Chelsea's four prospective buyers have been given an April 11 deadline to submit their final bids.
US brokers Raine have identified four preferred bidders to go into the final process and they will now have to make their detailed offers in just two weeks’ time. They have all been told they must commit to £1billion of future spending and be committed to a stadium redevelopment for Stamford Bridge.
Boston Celtics co-owner Stephen Pagliuca, 67, was the surprise final name to join the interested parties on Friday as the US billionaire co-chairman of Bain Capital has put forward his initial offer.