Chelsea FC football news live updates: Sale deadline reached, John Terry emerges with consortium and Champions League draw

A consortium involving World Athletics President Sebastian Coe and former Liverpool chairman Martin Broughton has submitted their bid for Chelsea.

Broughton is the deputy chairman of International Airlines Group, which owns British Airways and Iberia.

“I am certain Sir Martin is the right man to lead Chelsea Football Club into its next chapter,” Coe said in a statement.

Their bid was submitted before the 9pm deadline.

Nick Candy’s consortium submitted a bid of more than £2 billion to buy Chelsea before the 9pm GMT deadline, according to several reports.

Chelsea fan Candy has teamed up with South Korean firms Hana Financial Group and C&P Sports Group in his Blue Football Consortium.

The London tycoon has promised a total renovation of Stamford Bridge, where his property expertise could come to the fore.

Candy has also pledged to hand Chelsea fans the coveted ‘golden share’ ownership stake club to “give football back to the fans”.

Swiss billionaire Hansjoerg Wyss, who had expressed interest in purchasing Chelsea along with LA Dodgers co-owner Todd Boehly, told Swiss newspaper Blick that he remained interested in a deal.

Wyss, 86, made a large share of his fortune by selling med-tech company Synthes Holding AG to Johnson & Johnson in 2012 for nearly $20 billion.

Boehly previously considered making a takeover offer for Tottenham Hotspur in 2014 through Cain Hoy Enterprises, a U.S. private investment company, of which he is one of the founders.

World Athletics President Sebastian Coe has joined a consortium including former Liverpool chairman Martin Broughton that hopes to buy Chelsea.

“I am certain Sir Martin is the right man to lead Chelsea Football Club into its next chapter,” Coe said in a statement. Broughton is the deputy chairman of International Airlines Group, which owns British Airways and Iberia.

South Korean companies Hana Financial Investment Company Limited and C&P Sports Limited have joined Nick Candy’s consortium to buy Chelsea, according to a spokesperson for the London property tycoon.

A spokesperson said: “I can confirm that the two South Korean firms Hana Financial Group and C&P Sports Group are a significant part of Mr Candy’s global consortium of investors. Their involvement is representative of Chelsea’s global brand and huge loyal fan base in Asia.”

C&P Sports CEO Catalina Kim had earlier said earlier on Friday that they and Hana were considering a bid.

Hana Financial Investment Company Limited is a member of Korean banking giant Hana Financial Group – a South Korean investment bank and financial services company headquartered in Seoul, Korea.

Hana Financial Group is the title sponsor of the Korean Football League and the national team.

C&P Sports Limited is a leading sports consultancy company based in London and Seoul.

The Ricketts family have officially submitted their bid to buy Chelsea, the PA news agency reports.

The Chicago Cubs owners have lodged their consortium offer for the Stamford Bridge club, ahead of merchant bank Raine Group’s Friday night deadline.

New York bank Raine had set a cut-off of 5pm New York time (9pm GMT) for bids for Chelsea amid frenzied interest in the sale of the Blues.

Cubs chairman Tom Ricketts has partnered with US hedge fund chief Ken Griffin on a potent submission, centred around sports ownership expertise and major stadium redevelopment know-how.

British property developer Nick Candy, a Chelsea supporter since childhood, said he was interested in making a bid for the club.

A central part of Candy’s pitch to buy Chelsea is the proposal to offer a seat on the board to fans and he was in talks with financiers about joining his bid ahead of a deadline for offers at the end of the week.

He will also offer short-term funding if Chelsea face a cash crunch. Candy will be joined by a familiar face to Chelsea fans as former player and manager Gianluca Vialli said he was working with the British property developer on his proposal.

London-based financial firm Aethel Partners said they have put in a bid of over two billion pounds for Chelsea, adding that they will provide the club with an immediate sum of 50 million pounds to deal with any short-term financial issues.

Aethel Partners was established in 2014. It was founded by Ricardo Santos Silva, former deputy president of hedge fund Lyxor Asset Management, and Aba Rosa Schubert, who was previously a partner at Eton Park Capital Management, a hedge fund.

Turkish businessman Muhsin Bayrak said his company was preparing to submit a bid for Chelsea, adding that he would need the blessing of sanctioned Russian oligarch Roman Abramovich for any deal.

Bayrak said he had one billion pounds ($1.32 billion) in cash available and could take out loans if a larger amount was needed.

Bayrak has interests in construction, energy and real estate and runs AB Grup Holding in Istanbul.

South Korean companies Hana Financial Investment Company Limited and C&P Sports Limited have combined to launch a bid for Chelsea.

Hana Financial Group is the title sponsor of Korean Football League and National football team.

C&P Sports has worked on commercial deals with several big clubs in the last 10 years, such as Kumhos Tyres with Tottenham Hotspur, Nexen Tyre with Manchester City and Hyundai Motors with Atletico Madrid.