It was already understood that Sheikh Jassim would be making a second bid, and Ratcliffe too will reportedly increase his offer for the club.
The next part of the process will involve access to data room information and give bidders an opportunity to conduct due diligence.
Sir Jim Ratcliffe’s last-minute bid for Chelsea has received serious consideration in the race to buy the Stamford Bridge club…
It was claimed on Thursday that the British billionaire was interested in Chelsea.
Abramovich expects to have received ‘two firm offers by the end of the week’.
Jim Ratcliffe’s INEOS group found it ‘pretty difficult to rationalise purchases in the Premier League’…