Chelsea

British billionaire Jim Ratcliffe has launched a late bid to buy Chelsea for Stg 4.25 billion ($5.3 billion)...

Sign up for our newsletter to stay up to date. Read our Privacy Policy. British billionaire Jim Ratcliffe has launched a late bid to buy Chelsea for Stg 4.25 billion ($5.3 billion) on Friday as three offers featuring American investors were already being assessed as the sale process nears a conclusion.

The final three bidders interested in purchasing Chelsea will have to stump up an extra $880 million to buy the English Premier League club at the demands ...

Abramovich is one of many oligarchs to have assets seized and finances frozen since Russia’s invasion of Ukraine, and has been forced to sell Chelsea without the ability to pocket any of the profits. The Sun reports $1.7 billion could be handed to charities as a result of the sale, making it one of the biggest donations in British history, and the cost of buying Chelsea could end up being $4.4 billion. The final three bidders interested in purchasing Chelsea will have to stump up an extra $880 million to buy the English Premier League club at the demands of Roman Abramovich.

Ineos, the British multinational chemicals company, have released a statement regarding owner Sir Jim Ratcliffe's late £4.25 billion bid for Chelsea.

The club is rooted in its community and its fans. And it is our intention to invest in Chelsea FC for that reason. One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club. It reads: "Sir Jim Ratcliffe, Chairman of INEOS, has made a formal bid for Chelsea FC, for £4.25 billion. "We will continue to invest in the team to ensure we have a first class squad of the world's greatest players, coaches and support staff, in the men's and women's games. The statement reveals that the true sum of the bid is £4.25 billion, with £2.5 billion committing to the Charitable Trust to support victims of the war in Ukraine and £1.75 billion going directly to the club over the next 10 years.

Ineos owner Sir Jim Ratcliffe has confirmed he has made a late bid to buy Chelsea. The £4 billion move comes just as it seemed a decision would be reached ...

And he explained to The Times in 2019: "Even though clubs have those valuations today, nobody has ever paid those amounts of money. We are all getting older and it is a decade of your life to resolve that." Presenting clear plans for the future of Stamford Bridge has also been a top priority of Abramovich and the club and it is unknown whether or not Ratcliffe will have the chance to do so. The past week has also reportedly seen the three bidders agree to pledge a sizeable charitable donation as part of their offers. The move comes just a day after Secretary of State for Digital, Culture, Media and Sport Nadine Dorries, sent a warning to Chelsea to speed up the process, saying that they were on borrowed time. Our motives are simply to try and create a very fine club in London. We have no profit motive because we make our money in other ways.”

Jim Ratcliffe has pledged to invest £1.75 billion ($3.1 billion) into Chelsea if successful in purchasing the Blues, including a "world-class" redevelopment ...

One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club. The club is rooted in its community and its fans. And it is our intention to invest in Chelsea FC for that reason. We believe that a club is bigger than its owners, who are temporary custodians of a great tradition, with responsibility to the fans and the community. "That is why we are committing to spending £1.75 billion [$3.1 billion] over 10 years that will be for the direct benefit of the club. "Sir Jim Ratcliffe, Chairman of INEOS, has made a formal bid for Chelsea FC, for £4.25 billion [$7.5 billion]. £2.5 billion [$4.4 billion] is committed to the Charitable Trust to support victims of the war, with £1.75 billion [$3.1 billion] committed to investment directly into the club over the next 10 years," the statement read.

British billionaire Jim Ratcliffe has made a late entry into the bid to buy Chelsea for a staggering Stg 4.25 billion ($A7.46 billion).

"We believe that a club is bigger than its owners, who are temporary custodians of a great tradition. INEOS said that Stg 2.5 billion ($A4.4 billion) of the bid is committed to a charitable trust to help victims of the war in Ukraine. "This is a British bid, for a British club," INEOS said.

LA Dodgers co-owner Todd Boehly's consortium has seen off rival bidders — including Britain's richest man — for Premier League team Chelsea, ...

Chelsea will need to present their preferred bid to the UK government and to apply for a licence to complete the take-over. Raine was not immediately reachable for comment. Ratcliffe said he had made a "formal bid" to buy Chelsea for 4.25 billion pounds ($5.33 billion), however his bid was made a fortnight after the final deadline.