Ineos owner Ratcliffe tables late £4.25bn Chelsea bid

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.