Chelsea

New Chelsea Owner: British billionaire reveal reason for late £4billion bid to buy Chelsea

Chelsea New Owner: British billionaire man makes a £4BILLION bid to buy Chelsea

According to football London past week has also reportedly seen the three bidders agree to pledge a sizeable charitable donation as part of their offers. According to Sky News, that figure is around £500 million each. Presenting clear plans for the future of Stamford Bridge has also been a top priority of Abramovich and the club and it is unknown whether or not Ratcliffe will have the chance to do so.

But The Times does go on to report that the billionaire has pledged an added £1.75 billion of investment over 10 years as an owner to develop the ground, team, and infrastructure, as well last the £2.75 billion needed to buy the club.

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Back at the start of March, shortly after Abramovich confirmed he would be putting the club up for sale, Ratcliffe was asked about his previous attempt to buy the Blues in 2019.

“There was some early exchange but we were a significant way apart on valuations,” Ratcliffe told BBC Five Live. “The issue with Chelsea is its stadium. We are all getting older and it is a decade of your life to resolve that.”

And he explained to The Times in 2019: “Even though clubs have those valuations today, nobody has ever paid those amounts of money. How much did Abramovich pay for Chelsea, £100 million? The Glazers, what £500 million? You can say it’s worth three, four billion but no one has ever paid those sums.

“Ineos has always tried to take a sensible approach. We don’t like squandering money or we wouldn’t be where we are today. It’s part of our DNA, trying to spend sensibly.”

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