Current Chelsea owner Roman Abramovich has reportedly added £500m to the club’s price tag as a number of parties attempt to seal a takeover.
The west London club has been on the market for nearly three months since the Russian announced his decision to end his near two-decade association.
In a statement released on Chelsea's official website, he wrote: “I would like to address the speculation in the media over the past few days in relation to my ownership of Chelsea FC. As I have stated before, I have always taken decisions with the club’s best interest at heart. In the current situation, I have therefore taken the decision to sell the club, as I believe this is in the best interest of the club, the fans, the employees, as well as the club’s sponsors and partners.