Shortlisted Chelsea buyers asked to submit a new bid before April 11 deadline.

A deadline has reportedly been set to all shortlisted bidders and has also been asked to increase their original offers before April 11.

Todd Boehly’s consortium, Sir Martin Broughton’s consortium, the Ricketts family and Stephen Pagliuca have all made the shortlist and will now go into the next stage.

The four shortlisted bidders have received a confirmation they can increase their original offer and must commit at least £1 billion in future investment of the club as part of biding offers to buy Chelsea

Speaking for the first time since the shortlist was announced, The New York base bank, Raine Group have released their statement through a spokesperson.

Discussing the reported £30 million commission fee they will receive for the handling of the sale, He states: “Our commission is tied to both proceeds and the capital contributed to build and run the club for its future success.”

The spokesperson then continued to state that: “The process is moving along as we anticipated and will accelerate from here, with robust bidding as we seek an optimal outcome for the club and the fans,” the statement concludes.

The New York-based bank have also informed groups that they can meet Chelsea’s key personnel, head coach Thomas Tuchel and key director Marina Granovskaia – and tour the club’s facilities in the coming days as part of their due diligence process.

Government has prioritised a quick sale following the restrictions imposed upon the Blues after Roman Abramovich’s sanctioning.

It is understood that two of the four shortlisted bidders are ready to increase and submit a second bid to buy Chelsea.

Chelsea and the Government want a sale concluded before the end of next month.

The Government will give all clear before the winners can take the Premier League owners and directors test once a prefered bidder is selected.