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Ineos owner Ratcliffe tables late £4.25bn Chelsea bid

INEOS Founder and chairman Sir Jim Ratcliffe (L) at London's Royal Automobile Club on February 10, 2020 (Photo by Bryn Lennon/Getty Images)

Sir Jim Ratcliffe, the billionaire chairman of British petrochemicals company Ineos, has lodged a late takeover bid for Chelsea worth £4.25bn (€5.06bn/$5.33bn).

As part of the bid, the British billionaire has set aside £1.75bn to invest “directly into the club over the next 10 years” and has committed £2.5bn “to the Charitable Trust to support victims of the war” in Ukraine, according to a statement from Ineos this afternoon.

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