Raine have made their decisions on who has made the shortlist of preferred bidders to takeover Chelsea.
After the Friday deadline passed and bidders anxiously waited to learn their fate, the American merchant bank has started to deliver the outcomes to the respective bidders over whether or not they have been successful to reach the next stage of the takeover process.
Raine hope to complete a sale of the club by the end of April, looking to select a preferred bidder by the second week of next month to take to the Government.