The Raine Group, the US Bank handling the sale of Chelsea, could be in a position to take its preferred bidder to the government for approval by the end of this week if the process moves smoothly over the next 48 hours.
Potential buyers spent Monday waiting anxiously to find out if they had made it to the next stage of the process. Raine has been assessing the merits of each bidder since the deadline to make offers for Chelsea passed last Friday and the expectation is that the bank will have reduced the field to a shortlist of three groups by Wednesday morning at the latest.
