Jim Ratcliffe

The late bid by Ratcliffe, the chief executive of Ineos, for the Premier League soccer club would be the highest price ever paid for a sports team.

“One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club.” Chelsea expects to lose two key defenders, Antonio Rüdiger and Andreas Christensen, when their contracts expire at the end of the season, and any talks about replacing them cannot take place until a replacement for Abramovich is found. As part of his offer, Ratcliffe pledged 2.5 billion pounds, or $3.1 billion, to a charitable trust “to support the victims of the war.” That language is similar to that used by Abramovich when he first announced he was putting the club up for sale. The strategy was expensive — Abramovich has absorbed about $2 billion in losses during his tenure as owner — but successful: Chelsea enjoyed the biggest period of success in its history, becoming a serial contender for both domestic and international honors as well as the world’s best talent, and winning five Premier League and two European championships. Raine has not commented during the bidding process, beyond an interview in which Ravitch made the startling — and as yet unsubstantiated — claim to the Financial Times that Chelsea and other Premier League teams could be worth $10 billion within five years. Deadlines for final bids were extended on several occasions, and then late this week the three investment groups remaining in the process were told to increase their offers by a further $600 million. Ratcliffe, a self-described fan of Chelsea’s Premier League rival Manchester United since his school days, is worth $10.6 billion, according to an index of the world’s richest people compiled by Bloomberg. Chelsea would not be Ratcliffe’s first foray into sports investment, or even soccer. For Chelsea’s players, staff and fans, a sale cannot come soon enough. His offer will most likely be out of reach of the three bidders who were already being considered by the Raine Group, the New York-based merchant bank Chelsea has enlisted to handle the sale. Ratcliffe’s arrival has upended that process, but choosing him could make the sale speedier than it would have been. The club is rooted in its community and its fans. Under Abramovich, Chelsea has become one of the biggest and most successful teams in global soccer.

Ineos boss understood to have held talks with Chelsea chairman Bruce Buck on Thursday.

Pagliuca was the first to be told his candidacy had failed. 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. “This is a British bid, for a British club. We believe that a club is bigger than its owners who are temporary custodians of a great tradition. We do that with our core businesses.

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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. “This is a British bid, for a British club. “And we hope to continue to invest in the academy to provide opportunity for talented youngsters to develop into first class players. That is why we are committing to spending £1.75bn over 10 years that will be for the direct benefit of the club.

Three bidders have been in contention to buy Chelsea for more than £2.5 billion, with the groups making their final pitches to the US-based merchant bank Raine ...

The club is rooted in its community and its fans. One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club. “We are the only British bid.

The Ineos boss is understood to have held talks with chairman Bruce Buck on Thursday, and submitted what now represents the biggest offer for the Premier ...

"And we hope to continue to invest in the academy to provide opportunity for talented youngsters to develop into first class players." "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 Ineos boss is understood to have held talks with chairman Bruce Buck on Thursday, and submitted what now represents the biggest offer for the Premier League club on Friday. "That is why we are committing to spending £1.75bn over 10 years that will be for the direct benefit of the club. The Ineos boss is understood to have held talks with chairman Bruce Buck on Thursday, and submitted what now represents the biggest offer for the Premier League club on Friday. An Ineos statement read: "Sir Jim Ratcliffe, chairman of Ineos, has made a formal bid for Chelsea FC, for £4.25bn; £2.5bn is committed to the Charitable Trust to support victims of the war, with £1.75bn committed to investment directly into the club over the next 10 years.

Sir Jim Ratcliffe has made a bid to buy Chelsea on a day when Steve Pagliuca has been told his consortium is no longer in the running.

Ineos said in a statement: “Sir Jim Ratcliffe, chairman of Ineos, has made a formal bid for Chelsea FC, for £4.25bn. £2.5bn is committed to the Charitable Trust to support victims of the war, with £1.75bn committed to investment directly into the club over the next 10 years. “One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club.” Ratcliffe, the owner of the British petrochemicals company Ineos, told the Times: “We put an offer in this morning.

Sir Jim Ratcliffe, owner of Ineos, has tabled a bid to buy Chelsea from Blues owner Roman Abramovich.

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. We do that with our core businesses. “This is a British bid, for a British club. We believe that a club is bigger than its owners who are temporary custodians of a great tradition. “We will invest in Stamford Bridge to make it a world-class stadium, befitting of Chelsea FC. This will be organic and ongoing so that we will not move away from the home of Chelsea and risk losing the support of loyal fans

A spokesperson for Sir Jim Ratcliffe confirmed the offer to buy Chelsea: This is a British bid, for a British club; Boston Celtics owner Stephen Pagliuca ...

"The big question then is what happens to the £4bn? Because Abramovich is not allowed to get one penny from the proceeds of this sale. "If he was to buy Chelsea, you couldn't have a situation where Nice and Chelsea were playing in the Champions League, that wouldn't be allowed under UEFA rules. If you picked up the phone and got in touch with the Raine Group and put in a bid after the deadline, they were always going listen to what you have to say. "Significantly, he says he's got the money ready to go. The feeling was he wasn't the kind of person that was going to pay two, three, four billion pounds for a football club. "This is a twist in the tale. We need to be a bit careful because when you're as rich as Jim Radcliffe is, you invest your money wisely do he must think it's a good investment. "We should point out this was a story first reported by Matt Dickinson in The Times maybe about 90 minutes ago. 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 are the only British bid.

Ratcliffe, who has an existing portfolio of sports investments, ruled out joining the bidding when Roman Abramovich was forced to put Chelsea up for sale after ...

“And we hope to continue to invest in the academy to provide opportunity for talented youngsters to develop into first class players.” The club is rooted in its community and its fans. And it is our intention to invest in Chelsea FC for that reason.”

Ineos owner Sir Jim Ratcliffe has explained his sensational late bid to purchase Chelsea Football Club as he has made an offer of over £4 billion for the ...

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.” Speaking to BBC Radio Five Live via Evening Standard, Ratcliffe's brother, Bob, previously admitted they did not plan to submit a bid: “There was some early exchange but we were a significant way apart on valuations. The issue with Chelsea is its stadium.

Sir Jim Ratciffe, owner of Ineos, has submitted a late bid of more than £4 billion for Chelsea just days before Raine Group were set to name their preferred ...

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.” Ratcliffe has also told the group that they are in a position to send the money and close the deal for Chelsea by the weekend. Speaking to BBC Radio Five Live via Evening Standard, Ratcliffe's brother, Bob, previously said: “There was some early exchange but we were a significant way apart on valuations.

Sir Jim Ratcliffe, owner of Ineos, has tabled a bid to buy Chelsea from Blues owner Roman Abramovich.

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. We do that with our core businesses. “This is a British bid, for a British club. We believe that a club is bigger than its owners who are temporary custodians of a great tradition. “We will invest in Stamford Bridge to make it a world-class stadium, befitting of Chelsea FC. This will be organic and ongoing so that we will not move away from the home of Chelsea and risk losing the support of loyal fans

Potential new Chelsea owner Jim Ratcliffe has been told that he could 'increase' his 'corporate credit lines' in Ineos to still trump Todd Boehly in the ...

Boehly and the others have to deal with the members of their syndicates.' And we hope to continue to invest in the academy to provide the opportunity for talented youngsters to develop into first-class players. "We believe that a club is bigger than its owners, who are temporary custodians of a great tradition, With a responsibility to the fans and the community. And it is our intention to invest in Chelsea FC for that reason. Their statement read: "Sir Jim Ratcliffe, Chairman of INEOS, has made a formal bid for Chelsea FC, for £4.25bn. £2.5bn is committed to the charitable trust to support victims of the war, with £1.75bn committed to invest directly into the club over the next 10 years. The future of Stamford Bridge has been among the high-profile components of all bids thus far, with INEOS planning to make it a 'world-class' stadium by renovating Chelsea's home as an ongoing project so that the team are not required to relocate elsewhere.