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Prospective Chelsea buyer Todd Boehly improved his consortium's bid to buy the stricken club just before Friday's 9pm deadline for offers.

Roman Abramovich is selling the European champions after being sanctioned by the UK government. The Russian oligarch is alleged to have close links to Vladimir Putin, who ordered his troops to invaded Ukraine last month. Abramovich denies the allegations.

Chelsea are currently operating under a special license as a result of the sanctions, severely restricting their revenue streams. The Premier League outfit will be at serious risk of financial collapse if they aren't sold in the coming days and weeks.

Several wealthy individuals are interested in buying Chelsea, with Boehly, Tory donor Nick Candy and former Liverpool chair Sir Martin Broughton all leading consortiums. The Ricketts family, who own the baseball franchise Chicago Cubs, are also in the running.

The Raine Group are overseeing the sale on Abramovich's behalf. The UK government will only approve a sale if the billionaire makes no money from it, although it's believed he will have the final say on the club's preferred bidder.

As reported by The Telegraph, the consortium led by Boehly "dramatically improved" their bid for the Blues just minutes before the deadline. It's thought their initial offer was between £2billion and £2.5bn but have lodged a