Abramovich had announced that he had put Chelsea up for sale, insisting that the decision is in Chelsea’s ‘best interest’.

The 55-year-old has decided to sell Chelsea after the threat of sanctions from the UK Government. It’s understood that Abramovich, who bought Chelsea for £140 million back in 2003, has set a £3 billion asking price.

Abramovich is also keen to find a suitable buyer for Chelsea, as he wants the new owners to continue to replenish the squad with new signings, as well as oversee a revamp of the stadium.

However, about ten parties are considering submitting an offer to buy Chelsea, with American investment bank The Raine Group tasked with handling the sale.

Meanwhile, a Swiss-American consortium is leading the race to buy the west London club and the group are growing increasingly confident that a deal can be reached in the coming days.