Chelsea: Sir Jim Ratcliffe ‘not giving up’ on shopping for Premier League membership

Ratcliffe’s Ineos bought the Team Sky cycling franchise in 2019, owns a third of F1 team Mercedes and runs French football team Nice

Billionaire Sir Jim Ratcliffe says he is “not giving up” on taking over Chelsea despite “disappointing communication” over his £4.25bn offer.

Ratcliffe, the majority shareholder of chemical group Ineos, made the late bid for the Premier League club on Friday.

Earlier on Wednesday, Ineos director Tom Crotty said the offer had been rejected by the firm handling the sale.

But, speaking to BBC sports editor Dan Roan, Ratcliffe said: “Consideration should be given to a British bid.”

A consortium led by LA Dodgers owner Todd Boehly is understood to be the preferred bidder for Chelsea.

American investment firm Raine has been tasked with selling Chelsea and the UK government is expected to issue a new licence, allowing the club to be sold, once a preferred buyer has been highlighted.

Ratcliffe said his group had held “positive talks” with the UK…

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