Chelsea: Club sale 'by end of month' possible after positive talks

The American investment firm tasked with selling Chelsea expects a sale to happen by the end of the month after positive conversations with the UK government.

After an agreement was reached that the sale would be approved by the government and the sale funds would go to a charity, there is confidence that the amendment will be granted.

The club was given a special licence by the government because of his links to Russian President Putin.

The club can't be sold under the original terms of the licence.

More than 20 credible parties are interested in the project and the deadline has been extended.

The sale would be subject to the owners and directors of the league.

The fastest one we have done is 10 days, but that isn't to say it can't be beaten, says Richard Masters.

It usually takes a few weeks but it depends on the complexity and the number of potential owners.

Raine Group sent a letter to potential buyers on Saturday assuring them that they would be moving forward with the sale process.

The sale of the football club will need a special licence from the UK government to approve both the source and use of funds.

We will work with authorities in the UK to get that licence.

All parties want a sale to go ahead as soon as possible, given that the wage bill is over 30 million dollars a month and the government licence has stopped match-day revenue.

Three suspended its shirt sponsorship with the club while the credit cards were temporarily suspended, while banks assess the implications of the sanctions imposed on Russian billionaire Abramovich.