England: Billionaire INEOS founder presents proposal to Chelsea

British businessman Jim Ratcliffe has made a £ 4.25 billion takeover bid for Chelsea.

Ratcliffe, 69, is the founder of INEOS, a British chemical company that sponsors the Team INEOS cycling team. In addition, the company operates in several areas of sports. In 2017, he bought the Swiss Lausanne-Sport and two years later progressed to the French Nice. The following year, he bought 33 percent of the Mercedes from Formula One.

“This is a British offer for a British club,” INEOS said in a statement this Friday. BBC.

“We’re investing in Stamford Bridge to make it a world-class stadium worthy of Chelsea. It’s an ongoing thing so we don’t get lost in Chelsea’s home and don’t risk losing the support of loyal fans.”

“We will continue to invest in the team to ensure we have a world-class team of the world’s best players, coaches and staff, men and women. And we look forward to investing in training to provide talented young people with opportunities to become world-class players.

The company also states that “London must have a club that reflects the city’s position” and can be compared to “Real Madrid, Barcelona or Bayern Munich”

“We make this investment as fans of the beauty of the game, not as a way to make a profit. The club is rooted in its community and supporters. And we plan to invest in Chelsea for that reason.

Ratcliffe is therefore one of three others interested in buying blues: A consortium led by Martin Broughton, chairman of British Airways, which includes shareholders of billionaire Crystal Palace, Dave Blitzer and Josh Harris; Todd Boehly, co-owner of the Los Angeles Dodgers baseball team, backed by Clearlake Capital, a U.S. investment firm; and Stephen Pagliuca, co-owner of the Boston Celtics.

It is recalled that Roman Abramovich put the club up for sale as a result of sanctions over Vladimir Putin’s proximity following Russia’s invasion of Ukraine.

Chelsea will continue to operate under various restrictions thanks to a special license that expires on May 31st.

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