Chelsea’s owner, Roman Abramovich, is examining the four bids that have been made to buy the club from him.
All four parties improved their proposals on Thursday.
Abramovich, Chelsea’s board of directors, and Raine Group, the American bank in charge of the sale, are expected to present the UK government with a preferred bidder early next week.
Raine’s opinion is likely to affect Chelsea’s decision, and according to the UK Guardian, the highest bid does not always win.
Chelsea, which might be sold for as much as £2.75 billion, is important to Abramovich
A syndicate led by Todd Boehly, co-owner of the Los Angeles Dodgers, and Tom and Laura Ricketts, owners of the Chicago Cubs, are among the bidders.
The owners of the Philadelphia 76ers basketball franchise, Josh Harris and David Blitzer, have backed a group led by Sir Martin Broughton and Sebastian Coe.
Steve Pagliuca, co-owner of the Boston Celtics, is leading the fourth offer.
According to sources close to the process, a preferred bid could emerge after Monday.