South Korean company launch bid for Chelsea before deadline

South Korean company C&P Sports Limited become the latest candidate for the ownership of Premier League club Chelsea.

A deadline of 9pm on Friday has been set for bids to be lodged, something which is expected to lead to a late flurry of approaches as Roman Abramovich moves closer to parting ways with the West London outfit.

As reported by The Independent's Miguel Delaney, sports management business C&P Sports Limited want to rival the offers from elsewhere, wanting to become the first South Korean company to own a European club.

CEO Catalina Kim said: "We are preparing our bid [for Chelsea]. There has never been investment into a top tier football club made by South Korean capital before. It is time for a change."

While the company have a number of offices around the world, their main address is just a mile away from Stamford Bridge.

Bids, many coming in the form of consortiums, have been made from the United Kingdom, United States, Europe and the Middle East.