British Billionaire Jim Ratcliffe Makes Late €5bn Bid To Buy Chelsea

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im Ratcliffe has made a last-minute bid for Chelsea worth £4.25 billion (€5 billion), putting the British billionaire in pole position to take over at Stamford Bridge.

On Thursday, the Ineos CEO is said to have met with Chelsea chairman Bruce Buck, and on Friday, he submitted what is now the Premier League club’s largest offer.

The 69-year-old looked into a possible bid for the Blues in 2019, but ended up purchasing French club Nice instead.
Steve Pagliuca was informed on Friday afternoon that his bid for Chelsea had been unsuccessful in a dramatic turn of events.

The Boston Celtics co-consortium owner’s was told that it would not be the preferred bidder, with Martin Broughton and Todd Boehly’s consortiums, as well as newcomer Ratcliffe, still in the running.

Ratcliffe’s previous due diligence on Chelsea will speed up the process of his bid, reducing any delays in the sale process, which is being led by the Raine Group of New York.

“Sir Jim Ratcliffe, chairman of Ineos, has made a formal bid for Chelsea FC, for £4.25 billion; £2.5 billion is committed to the Charitable Trust to support war victims, with £1.75 billion committed to direct investment into the club over the next ten years,” according to an Ineos statement.

“This is a British bid for a British club,” says the bidder. We believe that a club is greater than its owners, who are merely temporary stewards of a great tradition. With a sense of obligation to the fans and community.

“That is why we have committed to spending £1.75 billion over ten years for the club’s direct benefit.”

“We will invest in Stamford Bridge to transform it into a world-class venue fit for Chelsea FC.” This will be organic and ongoing in order to avoid moving away from Chelsea’s home turf and risk losing the support of devoted fans.

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“In both the men’s and women’s games, we will continue to invest in the team to ensure we have a first-class squad of the world’s best players, coaches, and support staff.”

“We also hope to continue to invest in the academy in order to give talented young players the chance to develop into first-class players.”

“We believe that London deserves a club that reflects the city’s stature.” One that is respected in the same way that Real Madrid, Barcelona, and Bayern Munich are. Chelsea is the club we want to be.

“We are investing as fans of the beautiful game, not as a means of making money.” That’s what we do with our core businesses.

“The club is deeply rooted in the community and its supporters.” And it is for that reason that we intend to invest in Chelsea FC.”

Boehly, Broughton, and Pagliuca had hoped to learn which of their consortium offers to buy the Blues had been chosen as the preferred bid this week. Pagliuca was the first to learn that his campaign had fallen short.

Ratcliffe’s late entry, on the other hand, added a new bidder to the race to buy Chelsea from Roman Abramovich.

Despite any delays caused by Ratcliffe’s late entry, Chelsea will still hope to have a new owner in place by the end of May.

The UK government must then grant a new licence to allow the sale to proceed once the Raine Group has chosen a preferred bidder.

Chelsea was put up for sale by Abramovich on March 2nd, despite Russia’s continued invasion of Ukraine.

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On March 10th, the UK government sanctioned the 55-year-old, claiming to have evidence of ties between the Russian-Israeli billionaire and Vladimir Putin.

Abramovich has owned Chelsea for 19 years, during which time he has led the club to 21 trophies.

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