4.25 billion-pound bid to buy Chelsea Football club has been ‘rejected out of hand’

The Chelsea sale stories continue today and the latest news is that a British billionaire’s bid has been ‘rejected out of hand’ according to one of his people.

Bloomberg report that Sir Jim Ratcliffe’s 4.25 billion-pound offer to buy Chelsea has been ‘dismissed’ by Raine Group, the bankers handling the sale of the club.

Sources: Chelsea expect to start negotiations with two new centre-backs when the takeover is complete.

It’s not really anything new though to be honest because the bid was never entertained by Chelsea as such whilst Todd Boehly’s group are in their period of exclusivity this week.

Ratcliffe though is reportedly not giving up and remains on standby in case Boehly’s bid does not go through.

“We’ve been rejected out of hand by Raine, but we will keep reminding people we are still here,” Tom Crotty, a director at Ratcliffe-owned chemicals producer Ineos Group Ltd., said by phone to Bloomberg on Wednesday.

Ratcliffe seemingly still remains determined with his bid and will probably have some more tricks up his sleeve!

Chelsea News