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
-
NRSA to enforce mandatory removal of broken-down vehicles from highways in 2026
40 minutes -
Individuals on trial by the A-G linked to a potential NPP flagbearer – Rosemond Obeng alleges
50 minutes -
President Mahama signs law regulating cryptocurrencies and virtual assets
1 hour -
‘Cyborg’ seen in viral video firing gun during musician Asake meet-up arrested
1 hour -
Media Coalition Against Galamsey calls for prosecutions, questions effectiveness of deportation policy
1 hour -
Tyson Fury pays tribute to Anthony Joshua’s friends killed in Nigeria car crash
2 hours -
GTA welcomes Mr Eazi’s $2m event centre investment plan
2 hours -
Mrs Sylvia Cudjoe
2 hours -
If gov’t walks the talk in budget, 2026 will be a good agriculture year – Dr Opoku Gakpo
2 hours -
Enforcement of law, order in Bawku non-negotiable – Asiedu Nketia
2 hours -
Lady Mae Injects GH¢1.59m into women’s empowerment as she launches ‘Save You First’
3 hours -
Prof. Emmanuel Adinyira: When traffic decides who lives
3 hours -
May our New Year be restless: A message to the President, the people, and the continent
3 hours -
GoldBod should be fixed, not scrapped – Economist
3 hours -
We have failed as a country in road safety education – Accident Victims Support president
3 hours