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LIVE – Updated at 09:53

The deadline for prospective buyers to submit bids to purchase Chelsea Football Club from Roman Abramovich is 9pm on Friday evening, with some of the world’s richest people said to be in the mix.

There were rumours of around 200 bids being lined up but there is now thought to be seven front-runners. Chicago Cubs owners the Ricketts family - backed by hedge fund billionaire Ken Griffin - are among the favourites, as is lifelong Chelsea fan and luxury property developer Nick Candy.

Former British Airways chairman Sir Martin Broughton is said to be launching a