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Chelsea: Interested buyers told they can increase their original offers

Shortlisted parties involved in the race to buy Chelsea have received confirmation that they can increase their offers for the crisis club.

Sportsmail revealed on Saturday morning that consortiums still in the race to take over at Stamford Bridge were seeking clarity over whether they could up their original offers for the club and Raine - the merchant bank advising Chelsea with the sale - have confirmed to the groups that they are permitted to make new and improved bids.

Parties had been under the impression that their first bids for Chelsea would been treated as final as the club and Government prioritised a quick sale owing to the financial difficulties the Blues find themselves following the restrictions imposed upon them in the wake of current owner Roman Abramovich’s sanctioning.