Prospective Chelsea buyer Todd Boehly improved his consortium's bid to buy the stricken club just before Friday's 9pm deadline for offers.
Roman Abramovich is selling the European champions after being sanctioned by the UK government. The Russian oligarch is alleged to have close links to Vladimir Putin, who ordered his troops to invaded Ukraine last month. Abramovich denies the allegations.
Chelsea are currently operating under a special license as a result of the sanctions, severely restricting their revenue streams. The Premier League outfit will be at serious risk of financial collapse if they aren't sold in the coming days and weeks.