The Chicago Cubs owners, the Ricketts family, and billionaire hedge fund tycoon Ken Griffin have partnered together to launch a bid to buy Chelsea.

Blues owner Roman Abramovich, who has been sanctioned by the United Kingdom government following Russia's invasion of Ukraine, is attempting to sell the Premier League club.

The deadline for bids is expected to be Friday, with a plethora of investors interested – including British billionaire and boyhood Blues fan Nick Candy.

The Ricketts family, who became major shareholders of Major League Baseball's Cubs in 2009, have reportedly combined with American Griffin to form a consortium capable of taking over at Stamford Bridge.

A widely reported statement from the Ricketts family on Wednesday confirmed their role in the bid and added: "As long-time operators of an iconic professional sports team, the Ricketts Family and their partners understand the importance of investing for success on the pitch, while respecting the traditions of the club, the fans and the community.

"We look forward to sharing further details of our plans in due course."

The Cubs' owners have overseen an impressive period of success at the franchise, both on and off the field.

Chicago ended a 108-year wait for World Series success in 2016 and completed a $1billion renovation of home ground Wrigley Field, a project which is thought to appeal to Chelsea fans demanding improvements to Stamford Bridge.

Abramovich, whose 19-year tenure at the London club is soon set to come to an end, had his British assets – including Chelsea – frozen last week and was disqualified as director of the club.

The Russian has owned Chelsea since 2003, with the club claiming 21 trophies during his spell at the helm.