British billionaire interested in buying Chelsea from Roman Abramovich

Jim Ratcliffe, the billionaire chairman and CEO of Ineos, is one of three interested parties in buying Chelsea from Roman Abramovich.

The Russian announced his intention to sell the club on Wednesday, after facing the prospect of having his assets frozen due to the invasion of Ukraine and his reported links with Vladimir Putin.

The Sun reports that Ratcliffe is considering making an offer for the Blues, with Abramovich wanting £3bn for the club.

The 69-year-old is a season ticket holder at Stamford Bridge and is already involved in sport as the owner of OGC Nice in Ligue 1 and with interests in cycling, F1, sailing and athletics.

Forbes value Ratcliffe’s net worth at $15.7bn (£11.7bn).

The report states that Ratcliffe has competition, though, with at least two other suitors for the European champions.

Abramovich confirmed his decision to sell the club, announcing that all net proceeds from the sale will be donated to a charitable foundation for victims of the war in Ukraine.

‘I would like to address the speculation in media over the past few days in relation to my ownership of Chelsea FC,’ the 55-year-old said in a statement on Wednesday night.

‘As I have stated before, I have always taken decisions with the Club’s best interest at heart.

‘In the current situation, I have therefore taken the decision to sell the Club, as I believe this is in the best interest of the Club, the fans, the employees, as well as the Club’s sponsors and partners.

‘The sale of the Club will not be fast-tracked but will follow due process. I will not be asking for any loans to be repaid. This has never been about business nor money for me, but about pure passion for the game and Club.

‘Moreover, I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated.

‘The foundation will be for the benefit of all victims of the war in Ukraine.

‘This includes providing critical funds towards the urgent and immediate needs of victims, as well as supporting the long-term work of recovery.

‘Please know that this has been an incredibly difficult decision to make, and it pains me to part with the Club in this manner.

‘However, I do believe this is in the best interest of the Club.

‘I hope that I will be able to visit Stamford Bridge one last time to say goodbye to all of you in person.

‘It has been a privilege of a lifetime to be part of Chelsea FC and I am proud of all our joint achievements.

‘Chelsea Football Club and its supporters will always be in my heart.

‘Thank you.


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