Chelsea’s final three bidders asked to increase bids by extra £500million in last-minute demand by Roman Abramovich
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THE final three bidders interested in purchasing Chelsea will have to stump up an extra £500million to buy the club at the demands of Roman Abramovich.
Sky News has reported that the trio of consortiums found out in the last two days that extra funds will be required.
This comes just days before an announcement of the preferred bidder is set to be revealed.
£1billion could be handed to charities, making it one of the biggest donations in British history.
The cost of buying the club could end up being £2.5billion.
The Government has said Abramovich will not receive any of the money generated from the sale.
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The bidders being considered are consortiums led by Todd Boehly, Sir Martin Broughton and Stephen Pagliuca.
Boehly owns MLB franchise the Los Angeles Dodgers.
Broughton's bid is backed by Josh Harris and David Blitzer who co-own Crystal Palace as well as Lord Coe, Lewis Hamilton and Serena Williams.
Pagliuca co-owns Italian side Atalanta and basketball team the Boston Celtics.
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They are backed by the True Blues, a fan-led group involving Chelsea legend John Terry who want to buy ten per cent of the club.
American investment group Raine are in charge of selling Chelsea.
They have said the club could be worth more than £5billion in five years.