British billionaire holds Chelsea takeover talks as Roman Abramovich demands huge fee

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British billionaire holds Chelsea takeover talks as Roman Abramovich demands huge fee



Abramovich may sell up (Picture: Getty)British billionaire Sir Jim Ratcliffe is interested in buying Chelsea Football Club and has held initial talks over a potential takeover.
Britain’s richest man – who made his fortune by founding petrochemicals company Ineos – is thought to have a net wealth of £21billion and he has already made his mark on the sporting scene by agreeing to purchase Team Sky.
However, not content with just buying the cycling outfit, Chelsea season ticket holder Ratcliffe is now exploring the possibility of replacing Roman Abramovich as the club’s owner, according to the Times.
Though he grew up as a Manchester United fan, Ratcliffe has been a regular at Stamford Bridge for many years.

Sir Jim Ratcliffe is keen to buy Chelsea (Picture: AFP/Getty)He owns Swiss football outfit Lausanne-Sport, who ply their trade in the top-flight in Switzerland, but he’s hoping to buy a far bigger club.
Though Chelsea is not officially for sale, Abramovich has become an increasingly distant figure due to problems with his visa and he has withdrawn plans to rebuild Stamford Bridge.
A sale to Ratcliffe is some way off, however, with Abramovich demanding £2.5billion.
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Ratcliffe baulked at that price, particularly given the mammoth extra costs that would follow with having to build a new stadium once it had been bought.
The two parties are nowhere near an agreement at this stage, but Ratcliffe remains hopeful he will become the next Stamford Bridge chief.

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