Sir Jim Ratcliffe currently owns Ligue 1 side Nice.
British billionaire Sir Jim Ratcliffe has tabled a last-minute offer of £4.25billion to buy Chelsea.
He is widely regarded to be Britain’s richest person and has earlier made a bid for the Blues back in 2019.
An Ineos statement read: “Sir Jim Ratcliffe, Chairman of INEOS, has made a formal bid for Chelsea FC, for £4.25bn.
“£2.5bn is committed to the Charitable Trust to support victims of the war, with £1.75bn committed to investment directly into the club over the next 10 years.
“This is a British bid, for a British club. We believe that a club is bigger than its owners who are temporary custodians of a great tradition. With responsibility to the fans and the community.
“That is why we are committing to spending £1.75bn over 10 years that will be for the direct benefit of the club. We will invest in Stamford Bridge to make it a world-class stadium, befitting of Chelsea FC.
“This will be organic and on-going so that we will not move away from the home of Chelsea and risk losing the support of loyal fans.”
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