Published: Sun, June 10, 2018
Sports | By Jonathan Ford

Abramovich knocks back approach to buy Chelsea

Abramovich knocks back approach to buy Chelsea

According to a report in the Daily Mail, Roman Abramovich has rejected a bid from Jim Ratcliffe, Britain's richest man, to purchase Chelsea Football Club.

Despite problems renewing his United Kingdom visa, Russian billionaire Roman Abramovich refused to sell Chelsea FC to the man described as the richest person in Britain.

Jim Ratcliffe, head of petrochemicals heavyweights Ineos (who happens to be a Chelsea season ticket holder), has tried to take advantage of the precarious situation.

But Ratcliffe's advances, Sportsmail understands, were swiftly repelled, with Abramovich making it clear he has no intention of cutting ties with Chelsea despite his recent decision to shelve his new stadium plans in response to visa problems with the Home Office. Approaches from China have also reportedly been rejected. Last season he was also a guest at the club's Cobham training ground.

Ratcliffe, 65 and with an estimated fortune of about £21billion, who is also a fan of Manchester United reportedly made the offer as the diplomatic row between Britain and Russian Federation raged in the aftermath of the poisoning of Sergei Skripal and his daughter Yulia. Ratcliffe's company, Ineos, recorded sales of £45bn and employs more than 18,500 people in 22 countries.

"Shelling out KSh 270 billion or so would seem like a drop in the ocean for Jim but at the moment he is torn about what to do", noted a close pal of Ratcliffe, who prefers to remain anonymous.

In the last couple of years, Abramovich has invested heavily and his money has no doubt helped Chelsea claim five Premier League titles, the FA Cup, the Champions League as well as the Europa League.

Abramovich had been planning to carry out a £1 billion redevelopment program at Stamford Bridge in the next few years, but he has decided against this in retaliation to the way he's being treated.

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