Man Utd fan Sir Jim Ratcliffe launches last-gasp £4BILLION bid to buy Chelsea which includes £1.75bn on team and stadium
ONE of Britain's richest men Sir Jim Ratcliffe has made a late £4BILLION bid to buy Chelsea.
The London club had whittled down interested parties to three – but now Ratcliffe has added his name into the mix.
Roman Abramovich is believed to want £2.5bn for the club he bought in 2003 – now Ratcliffe has blown that figure out of the water.
According to The Times, the 69-year-old Ineos chief, who grew up supporting Manchester United, spoke to Chelsea chairman Bruce Buck yesterday.
It is believed £1.75bn of the offer will be to upgrade the team and stadium.
Ratcliffe told The Times: “We put an offer in this morning.
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Ineos owner Jim Ratcliffe launches LATE £4 billion bid for Chelsea, Rice UPDATE
“We are the only British bid. 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 is a Stamford Bridge season ticket holder and one of Britain's richest men, valued at around £6.33bn by The Sunday Times Rich List.
That is a massive drop from more than £21bn in 2018.
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SunSport revealed his interest in March before he initially decided against submitting an offer – and then came his dramatic U-turn.
His late bid, sent directly to the Raine Group handling the sale, went in this morning after he held talks with the UK Government, who will sanction the transaction.
Sir Jim believes he is in a position to hand over the full £4bn as early as this weekend if required.
An imminent announcement on the successful bidder is expected in the coming days.
Until this 11th-hour bombshell, the winner looked set to come from the three remaining consortiums.
The bidders being considered are consortiums led by Todd Boehly, Sir Martin Broughton and Stephen Pagliuca.
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Boehly owns MLB franchise the Los Angeles Dodgers.
Broughton's bid is backed by Josh Harris and David Blitzer who co-own Crystal Palace as well as Lord Coe, Lewis Hamilton and Serena Williams.
Pagliuca co-owns Italian side Atalanta and basketball team the Boston Celtics.
They are backed by the True Blues, a fan-led group involving Chelsea legend John Terry who want to buy ten per cent of the club.
Each bidder was told this week they would need to stump up an extra £500m.
Ratcliffe – who made his billions in petrochemicals – was linked with taking over Chelsea in 2019.
But he decided against it at the time because the stadium redevelopment plans would take too long to resolve.
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The Mancunian has already spent £110million on Ineos Team UK, the America's Cup sailing team, and rebranded cycling group Team Sky.
He also bought Swiss football team FC Lausanne-Sport as well as French outfit Nice.
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