According to the BBC, the Ricketts family, who own the Chicago Cubs in Major League Baseball, a consortium led by Lord Coe, and another group led by British property investor Nick Candy have all made approaches to buy Chelsea.
After Russian owner Roman Abramovich placed the Premier League team up for sale, a deadline for offers was established for 21:00 GMT on Friday.
After being sanctioned by the UK government, Abramovich’s effort to sell Chelsea was delayed, and his assets, including Chelsea, were frozen.
Raine Group, an American investment business, has been charged with selling Chelsea, and once a preferred bidder has been identified, the UK government is anticipated to give a new license allowing the club to be sold.
Although the official deadline to purchase the Premier League team in west London was Friday at 21:00 GMT, several last bids are expected to be presented over the weekend.
There are still more than 20 parties interested, but the number of confirmed bids is expected to be in the range of 10 to 15.
Chelsea and Raine Group will create a shortlist next week, with the selected bidder needing government clearance, which will entail confirming the source of cash and where the money will go next.
The Premier League’s owners’ and directors’ test, popularly known as the ‘fit and proper person’s test,’ will have to approve any transaction.