The government issued a special licence to allow the club to continue operating after freezing Abramovich's assets, citing his links to Russian President Vladimir Putin.

However, under the original terms of the licence, the club cannot be sold.

The deadline for bids has been extended to Friday 18 March, with more than 20 credible parties interested.

Any sale would need to satisfy the stipulations set out in the new licence, which would be issued once a preferred buyer had been highlighted.

The sale will also be subject to the Premier League's owners' and directors' test.

 

Source: BBC News