Audio By Carbonatix
Billionaire Sir Jim Ratcliffe's £4.25bn offer for Chelsea has been rejected, according to reports.
The majority shareholder of chemical group Ineos made the late bid on Friday, weeks after the 18 March deadline for bids.
A consortium led by LA Dodgers owner Todd Boehly is understood to be the preferred bidder for Chelsea.
"We've been rejected out of hand," Ineos director Tom Crotty told Bloomberg on Wednesday.
The Premier League club was put up for sale before owner Roman Abramovich was sanctioned for his alleged links to Russian president Vladimir Putin following the invasion of Ukraine.
Chelsea are operating under a special licence from the UK government which ends on 31 May.
Ineos also owns Swiss side FC Lausanne and French Ligue 1 side Nice, the former Team Sky cycling franchise, and has interests in Formula 1.
Latest Stories
-
MTN Ghana hands over hampers to 25 newly born ‘bronya’ babies at Cape Coast Hospital
33 minutes -
Kwanpa Band thrills patrons as Joy FM Family Party in the Park
50 minutes -
Lawyer arraigned over alleged GH¢800k excavator fraud
1 hour -
U.S. Commerce flags Ghana’s new mining policy, port delays affecting American firms
1 hour -
This Saturday on Newsfile: Constitution review report and AG’s ORAL drive
1 hour -
Joy FM Party in the Park kicks off as patrons flock in amid growing excitement
2 hours -
Ghana, 2 others to see strong absolute growth in electricity consumption – Fitch Solutions
2 hours -
Return to bond market on gradual basis – IMF to government
2 hours -
Activist Felicity Nelson brings Christmas comfort to Accra Police cells
3 hours -
Obuasi Bitters Luv FM Nite with the Stars thrills Kumasi on Christmas Day
3 hours -
4 banks including one state bank remain severely undercapitalised – IMF
3 hours -
Police arrest 28-year-old with 98 parcels of suspected cannabis in Tamale
3 hours -
Does Goldbod owe BoG US$214m, or has BoG lost US$214m? A policy and financial risk analysis
5 hours -
US Congressman says airstrikes first step to ending killings in Nigeria
6 hours -
Afenyo-Markin urges NPP to move from talk to action after 2024 election loss
6 hours