Thursday 13 December 2018

Roman Abramovich turns down Sir Jim Ratcliffe’s Chelsea offer – reports

Ratcliffe’s personal fortune is estimated to be £21billion according to the Sunday Times.

Jim Ratcliffe is reported to have made a bid to buy Chelsea (Ken Lennox/Ineos)
Jim Ratcliffe is reported to have made a bid to buy Chelsea (Ken Lennox/Ineos)

By Press Association Sport staff

Britain’s richest man Sir Jim Ratcliffe has had a bid for Chelsea rejected by fellow billionaire Roman Abramovich, according to reports.

The Daily Mail reported on Saturday that Ratcliffe, the founder, chairman and majority owner of chemicals firm Ineos, had offered £2billion to buy the west London club.

The Blues’ Russian owner Abramovich rejected the bid, according to the Mail.

The club announced at the end of last month that their plans to redevelop Stamford Bridge had been put on hold, which was interpreted in some quarters as Abramovich’s response to delays over the issuing of a UK investor’s visa.

Ratcliffe was reported to be worth £21billion in the Sunday Times Rich List last month.

Ineos already owns Swiss side Lausanne-Sport.

A spokesman for Ineos told Press Association Sport in response to the Mail story: “We can’t comment on market rumour or speculation.”

The 65-year-old, who grew up in a council house in Failsworth, Lancashire, was knighted in the Queen’s Birthday Honours List.

Who is your sportstar of the year?

Vote in the Irish Independent Sport Star Awards and you could win the ultimate sports prize.

Prizes include, a trip to Old Trafford to watch Man United take on Liverpool in the Premier League, tickets to Ireland's home games in the Six Nations, All Ireland football and hurling final tickets and much more.

Simply click here to register your vote

Press Association

Sport Newsletter

The best sport action straight to your inbox every morning.

Editor's Choice

Also in Sport