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Chelsea bidders shortlist to be narrowed down to three, new offers made

Chelsea soccer club owner Roman Abramovich sits in his box before their English Premier League soccer match against Sunderland at Stamford Bridge stadium in London, Dec. 19, 2015. AP

Raine Group, a U.S. bank overseeing the sale of Premier League club Chelsea, plans to narrow down the shortlist of bidders to three on Monday or Tuesday, sources close to the deal told Reuters.

Chelsea were initially put up for sale by owner Roman Abramovich following Russia's invasion of Ukraine and before sanctions were imposed on the oligarch by the British government, effectively giving it control of the club.

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