Chelsea are set for a £400million cash injection through an investment deal with US firm Ares Management.
Ares, who had talks with Manchester United during their ongoing takeover saga, are instead poised to boost Chelsea’s finances.
The west London club’s owners, Todd Boehly and Clearlake Capital, are seeking funds to develop the club, including their stadium expansion plans and increasing their multi-club model. Both Chelsea and asset managers Ares refused to comment on the situation.
Boehly and Clearlake bought the club 16 months ago for £2.5bn with an extra £1.