The seven-time F1 world champion and tennis superstar Serena Williams will pledge £10m each to the takeover bid led by Sir Martin Broughton, the former Liverpool FC and British Airways chairman, Sky News have reported.

Hamilton, a lifelong Arsenal fan, is a surprise addition to the consortium although he has become an established investor in recent years.

How will F1 great Hamilton be involved with buying Chelsea?

Sky News have reported a source which calls Hamilton and Williams' involvement "a serious investment decision because of their experience at building global sports brands".

They were enticed to pledge their own money due to "the diversity of its roster of global investors", Sky News' source added.

Hamilton could play a formal role within Chelsea promoting diversity, equality and inclusion, the report states.

The consortium that Hamilton has joined is one of three prospective buyers of the football club which Roman Abramovich has owned for nearly 20 years.

Full F1 Emilia-Romagna Grand Prix weekend schedule in UK (BST) time:

Friday, April 22

12:30pm to 1:30pm - Practice 1

4pm to 5pm - Qualifying

Saturday, April 23

11:30pm to 12:30pm - Practice 2

3:30pm to 4:30pm - Sprint Qualifying

Sunday, April 24

2pm to 4pm - Race

How can I watch on TV in the UK?

Sky Sports F1 is live on Friday April 22 at 12pm ahead of Practice 1, and at 3:25pm ahead of qualifying, then at 11am on Saturday April 23 for Practice 2.

Sprint qualifying build-up begins on Sky Sports F1 at 2:30pm on Saturday, April 23.

Channel 4 will show highlights from qualifying at 6:45pm 

Race build-up for the Australian Grand Prix begins at 12:30pm on Sunday, April 24 on Sky Sports F1.

Channel 4 will show race highlights at 6:30pm

How else can I follow the Emilia Romagna Grand Prix? 

Besides TV coverage, Crash.net will be providing live text commentary of every practice, qualifying and race session in 2022.

Follow @CRASH_NET_F1 for the latest F1 news, analysis and paddock reaction.

Here’s how to live stream the 2022 F1 Emilia-Romagna Grand Prix for free no matter where you are in the world.

ExpressVPN is offering all customers an extra three months free if they take out the 12-month plan (a saving of 49%) and a 30-day money-back guarantee so they can try it risk-free.

Here's how you can watch the F1 Emilia-Romagna Grand Prix live for free online in 2022:

What is ExpressVPN

ExpressVPN is a fast, easy to use and secure service that allows you to watch any stream from anywhere in the world.

Geo-blocking is often a problem that many faces when trying to stream live F1 but ExpressVPN allows you to do so with ease.

How does ExpressVPN work?

ExpressVPN allows you to securely relocate your device to any country.