Sir Jim Ratcliffe has made a bid to buy Chelsea on a day when Steve Pagliuca has been told his consortium is no longer in the running.
Ineos said in a statement: “Sir Jim Ratcliffe, chairman of Ineos, has made a formal bid for Chelsea FC, for £4.25bn. £2.5bn is committed to the Charitable Trust to support victims of the war, with £1.75bn committed to investment directly into the club over the next 10 years. “One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club.” Ratcliffe, the owner of the British petrochemicals company Ineos, told the Times: “We put an offer in this morning.
The late bid by Ratcliffe, the chief executive of Ineos, for the Premier League soccer club would be the highest price ever paid for a sports team.
“One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club.” Chelsea expects to lose two key defenders, Antonio Rüdiger and Andreas Christensen, when their contracts expire at the end of the season, and any talks about replacing them cannot take place until a replacement for Abramovich is found. As part of his offer, Ratcliffe pledged 2.5 billion pounds, or $3.1 billion, to a charitable trust “to support the victims of the war.” That language is similar to that used by Abramovich when he first announced he was putting the club up for sale. The strategy was expensive — Abramovich has absorbed about $2 billion in losses during his tenure as owner — but successful: Chelsea enjoyed the biggest period of success in its history, becoming a serial contender for both domestic and international honors as well as the world’s best talent, and winning five Premier League and two European championships. Raine has not commented during the bidding process, beyond an interview in which Ravitch made the startling — and as yet unsubstantiated — claim to the Financial Times that Chelsea and other Premier League teams could be worth $10 billion within five years. Deadlines for final bids were extended on several occasions, and then late this week the three investment groups remaining in the process were told to increase their offers by a further $600 million. Ratcliffe, a self-described fan of Chelsea’s Premier League rival Manchester United since his school days, is worth $10.6 billion, according to an index of the world’s richest people compiled by Bloomberg. Chelsea would not be Ratcliffe’s first foray into sports investment, or even soccer. For Chelsea’s players, staff and fans, a sale cannot come soon enough. His offer will most likely be out of reach of the three bidders who were already being considered by the Raine Group, the New York-based merchant bank Chelsea has enlisted to handle the sale. Ratcliffe’s arrival has upended that process, but choosing him could make the sale speedier than it would have been. The club is rooted in its community and its fans. Under Abramovich, Chelsea has become one of the biggest and most successful teams in global soccer.
Three bidders have been in contention to buy Chelsea for more than £2.5 billion, with the groups making their final pitches to the US-based merchant bank Raine ...
The club is rooted in its community and its fans. One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club. “We are the only British bid.
Ineos, the British multinational chemicals company, have released a statement regarding owner Sir Jim Ratcliffe's late £4.25 billion bid for Chelsea.
The club is rooted in its community and its fans. And it is our intention to invest in Chelsea FC for that reason. One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club. It reads: "Sir Jim Ratcliffe, Chairman of INEOS, has made a formal bid for Chelsea FC, for £4.25 billion. "We will continue to invest in the team to ensure we have a first class squad of the world's greatest players, coaches and support staff, in the men's and women's games. The statement reveals that the true sum of the bid is £4.25 billion, with £2.5 billion committing to the Charitable Trust to support victims of the war in Ukraine and £1.75 billion going directly to the club over the next 10 years.
Chelsea's Christian Pulisic, left, celebrates with teammates after scoring the only goal of the game during the English Premier League soccer match between ...
One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club.” "And we hope to continue to invest in the academy to provide opportunity for talented youngsters to develop into first class players. The club is rooted in its community and its fans. And it is our intention to invest in Chelsea FC for that reason.” “We will continue to invest in the team to ensure we have a first class squad of the world’s greatest players, coaches and support staff, in the men’s and women’s games,” INEOS said in a statement. “We do that with our core businesses.
British billionaire Jim Ratcliffe has launched a late bid to buy Chelsea for 4.25 billion pounds.
“And we hope to continue to invest in the academy to provide opportunity for talented youngsters to develop into first class players.” The club is rooted in its community and its fans. “We will continue to invest in the team to ensure we have a first-class squad of the world’s greatest players, coaches and support staff, in the men’s and women’s games,” INEOS said in a statement. And it is our intention to invest in Chelsea FC for that reason.” “We do that with our core businesses. “We are making this investment as fans of the beautiful game — not as a means to turn a profit,” INEOS added in a statement.
By Simon Evans and Peter Hall MANCHESTER, England (Reuters) - American investor Steve Pagliuca's group is out of the running to purchase Premier Leagu...
The club is rooted in its community and its fans. And it is our intention to invest in Chelsea FC for that reason,” the statement added. One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club.
Chelsea and the Raine Group are planning to take Todd Boehly's consortium to the UK Government for approval after they were named as the preferred bidder to ...
It's good news for Boehly because as per the Telegraph, Chelsea’s intention is to advance Boehly and his group for UK Government approval ahead of a licence for the sale of the club to be issued. The part-owner of the Los Angeles Dodgers' job is only just beginning of sealing a formal purchase of Chelsea. Firstly, the club will need to go to the UK Government to be given the green light to sell the club for a change in licence. Chelsea and the Raine Group are planning to take Todd Boehly's consortium to the UK Government for approval after they were named as the preferred bidder to buy the club, according to reports.
A consortium led by the Los Angeles Dodgers co-owner Todd Boehly has been chosen as the preferred bidder for Premier League club Chelsea, despite a dramatic ...
The club is rooted in its community and its fans.” One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club. “We are the only British bid. Abramovich's cathedral never came off, but the development of Stamford Bridge will be at the crux of any successful deal to buy the club It is understood that the consortium’s total bid was in excess of £4 billion. We do that with our core businesses.
A guide to the figures behind the Boehly bid, what we know of their strategy and key contract and transfer business to tackle.
The owners will need to get to work quickly. A ruthless culture of hiring and firing managers has been the norm under Abramovich, but the new hierarchy should be looking to build around Thomas Tuchel and give him more control over recruitment. They have become one of the biggest brands in the world and could arguably do with a different approach off the pitch. There is likely to be a desire to make the club self-sufficient and the days of spending £200m on signings in one summer could be over, although that does not necessarily mean that Chelsea will no longer be able to challenge for major honours. None of the investors in the Boehly consortium have stakes in rival football clubs and there are no political controversies attached to the bid. It is anticipated that Boehly would be the most influential figure in the running of Chelsea, with Wyss more in the background.
The group led by Los Angeles Dodgers, Lakers, and Sparks part owner Todd Boehly will reportedly enter exclusive talks to buy Chelsea FC.
The U.K. government is working to ensure that former owner Roman Abramovich does not profit from the sale after he was sanctioned for his ties to Vladimir Putin. A late bid from majority owner of chemicals company Ineos Group — and one of Britain’s richest men — Sir Jim Ratcliffe of up to $5.4 billion presented a wild card, but it is believed the move came too late to impact the process. After a months-long battle of billionaire sports owners, a new owner for Chelsea FC is emerging: The group led by Todd Boehly will reportedly enter exclusive talks to purchase the club.
A group led by LA Dodgers part-owner Todd Boehly is reportedly on the verge of buying Chelsea Football Club from billionaire Roman Abramovich.
Abramovich put Chelsea up for sale on March 2, but following the sanctions announcement, the club was made to operate under a special license and is now effectively controlled by the British government. In 2019, Boehly tried to buy Chelsea FC from Abramovich for the same sum — $3 billion — but was rejected, according to the Journal. Chelsea was put up for sale by Abramovich following Russia’s invasion of Ukraine and before sanctions were imposed on the oligarch by the British government.