Chelsea fans are unlikely to see the club's sale completed before the end of the season.
The Telegraph says the consortium led by Todd Boehly will be named as the preferred bidders by Raine, the bank overseeing the sale.
Before the 46-year-old American can take control, he and his fellow investors must face the Owners' and Directors' Test from the Premier League. That process is expected to take around two weeks to complete, reports Goal.
Once passed, the UK Government will give Chelsea an operating licence which will free them from their restrictions while the money from the sale is either frozen or given to charity, depending on whether that decision has been resolved by then.
So the takeover could be completed before the final game of the season, which is on Sunday, May 22. However, it remains to be seen if a late bid by Sir Jim Ratcliffe, Britain's richest man, could disrupt that.
Ratcliffe lodged a mega offer of £4.25billion at the 11th hour. The Athletic report it has not yet been ruled out and has received serious consideration against Boehly's £3.5bn bid, which remains on course to be successful.
As it stands, his group will enter into a short exclusive period to sign a purchase agreement, believed to be a week long.
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