Woody Johnson has confirmed his bid for Chelsea Football Club was rejected as the Blues continue their search for a new owner. It's understood that there are now four shortlisted groups who will have to submit final offers before the April 11 deadline.
It was reported earlier in the month that Johnson, the owner of the New York Jets, was interested in the purchase of Chelsea. This is all following Roman Abramovich's decision to sell the club, just before the Russian businessman was sanctioned by the UK government.
The four groups who are in contention to take over at Stamford Bridge are led by Todd Boehly, Sir Martin Broughton, the Ricketts family and Stephen Pagliuca. With this news, Johnson has now released a statement regarding his failed bid, reported to be $2.6billion (£1.9bn) by the New York Post.