Published: Sun, June 10, 2018
Sports | By Juana Wells

Roman Abramovich knocks back approach to buy Chelsea

Roman Abramovich knocks back approach to buy Chelsea

Chelsea owner Roman Abramovich has reportedly snubbed moves to sell the Premier League outfit to England's wealthiest man.

He has allegedly signaled his intention to purchase the highly-rated football outfit no thanks to recent visa woes surrounding Chelsea's Russian owner Abramovich.

Already, Ratcliffe's company Ineos recorded sales of about KSh 6 trillion and now has over 18,500 people in 22 countries in its payroll.

Despite the uncertainty, the Daily Mail report said Abramovich remains committed to Chelsea, who are valued at around one billion pounds, and had knocked back Ratcliffe's approach, which it said was one of several.

The Mail quoted an anonymous "friend of Ratcliffe" as saying: "Shelling out £2bn or so would seem like a drop in the ocean for Jim but at the moment he is torn about what to do".

It is understood that the 51-year-old is not interested in selling the club.

Ratcliffe, who grew up in Manchester, has not previously linked with buying into English football.

Ineos already owns Swiss side Lausanne-Sport.

Abramovich coughed out about KSh 18.9 billion in 2003 to buy the Premier League outfit.

However, following the crackdown on wealthy Russians living in Britain after the poisoning of Sergei Skirpal and his daughter, Abramovich is finding it hard to obtain a United Kingdom visa. The businessman missed the FA Cup final victory against Manchester United that sparked further unrest among the Chelsea camp.

A plan was in place to demolish Stamford Bridge in two years but last week Abramovich announced that the £1bn redevelopment had been halted in retaliation for the hardline attitude of the Home Office.

The Treasury refused and for six years the Ineos headquarters remained in Switzerland.

Mr Ratcliffe's spokesman said: 'We can not comment on rumour and speculation'.

Like this: