The Sun reports Roman Abramovich has demanded the £1.6 billion he loaned to the club through an investment vehicle be repaid in full as part of the sale.
Browsing: Raine Group
Steve Pagliuca’s bid for the Blues will match the other three competing offers in having no debt, a source close to the Boston Celtics co-owner’s consortium confirmed.
The Saudi bidders have been told their offer has not been taken forward to the shortlist stage.
The bank is said to have valued the club at £2 billion and Chelsea have engaged their advisors after they helped Manchester City sell a 13 per cent stake in the club to China Media Capital for £265 million in 2015