British Tycoon Jim Ratcliffe Makes $5.3 Billion Bid For Chelsea
British businessman Jim Ratcliffe has made a 4.25 billion pounds ($5.3 billion) offer to buy Premier League club Chelsea, his company Ineos said on Friday. The club's Russian owner Roman Abramovich put the Blues up for sale on March 2 before being sanctioned the following week by the British government over Russia's invasion of Ukraine. The lengthy sale was believed to be close to a conclusion, with New York bank the Raine Group -- handling the process for Abramovich -- reported to be set to announce their preferred bidder.


