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Centricus-led consortium steps forward with Chelsea bid as Raine weighs offers

Chelsea players take part in a minute of applause to indicate peace and sympathy with Ukraine prior to the FA Cup quarter final match at Middlesbrough on March 19, 2022 (by Naomi Baker/Getty Images)

London-based global investment firm Centricus has become the latest entity to confirm it is backing a bid to acquire Chelsea, while a consortium fronted by property investor Nick Candy has stated it has increased its initial offer for the stricken English Premier League football club.

Merchant bank the Raine Group has been engaged to oversee the sale process from Russian oligarch Roman Abramovich and had granted potential bidders up to 9pm GMT on March 18 to submit offers.

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