Final whistle for Chelsea bidders as bankers kick out string of offers

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Final whistle for Chelsea bidders as bankers kick out string of offers
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Sky News has learnt that a number of bidders including Woody Johnson, owner of the New York Jets American football team, have been notified that their bids for the London club had been unsuccessful

The rejection of Mr Johnson's bid would, if confirmed, eliminate one of the apparent early frontrunners to acquire the Stamford Bridge side.

A joint bid by the Ricketts family and Ken Griffin, the hedge fund billionaire, is also a serious contender, and people close to the consortium expressed optimism that they were overcoming issues raised by historical racist comments by one member of the Chicago Cubs-owning family. At least five existing owners of US basketball and baseball teams are among the bidders for Chelsea, with consortia involving the LA Dodgers part-owner Todd Boehly and the Philadelphia 76ers backer Josh Harris among the serious contenders to buy the club following Mr Abramovich's sanctioning.

A frenzy of bidding among major global investors, billionaires and sports-owners has raised the prospect that Mr Abramovich's original £3bn asking price will be met.

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