According to The Telegraph, Chelsea were in discussions with two major companies last year as they searched for a new front-of-shirt sponsor, but the Blues decided to hold off and wait with the long-term deals only worth £40 million (€46.1 million/$53.5 million). Following their glorious run at the Club World Cup, Chelsea are now looking at proposals closer to £60 million with seven to ten global companies vying for the sponsorship.