The sale of Chelsea FC has moved a step closer after Raine Group, the US merchant bank, reportedly finalised their shortlist of preferred bidders for the club.
Roman Abramovich announced that Chelsea was being put up for sale on 2 March amid Russia’s continued invasion of Ukraine. The oligarch billionaire was then sanctioned by the UK government on 10 March after Downing Street claimed to have proven his ties to Vladimir Putin, with Chelsea only allowed to continue operating under a strict government licence.
