Billionaire Sir Jim Ratcliffe’s 4.25 billion pounds offer for Chelsea rejected.
Written by News Room on May 4, 2022
Billionaire Sir Jim Ratcliffe’s 4.25 billion pounds offer for Chelsea has been rejected, according to reports. The majority shareholder of chemical group Ineos made the late bid on Friday, weeks after the 18 March deadline for bids.
A consortium led by LA Dodgers owner Todd Boehly is understood to be the preferred bidder for Chelsea.
Ineos director Tom Crotty told the media on Wednesday that they have been rejected out of hand.
Ineos also owns Swiss side FC Lausanne and French Ligue 1 side Nice, the former Team Sky cycling franchise, and has interests in Formula 1.