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Raine Group, the 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 told Reuters, with one consortium lead by Nick Candy increasing their offer.
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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