Update on British Billionaire latest Chelsea buy offer; Offer has been dismissed Immediately

Update on British Billionaire latest Chelsea buy offer; Offer has been dismissed Immediately

The British billionaire buy bid for Chelsea has been dismissed quickly despite the fact that the offer of way over 3 Billion Pounds.

The Times says that Sir Jim Ratcliffe’s bid was actually as at now the lowest proposal on the table for the Blues.

Ratcliffe’s dramatic late bid gatecrashed a three-way race from consortiums attempting to takeover following Roman Abramovich.

Raine Group have been tasked with deciding upon the successful bidders, and are said to be mulling over offers from a consortium led by LA Dodgers part-owner Todd Boehly, a group backed by former British Airways chairman Sir Martin Broughton and an offer led by Stephen Pagliuca, the co-owner of the Boston Celtics.

Reports on Saturday indicated Boehly’s consortium were set to be named as the preferred bidder, although nothing has been confirmed at this stage.

INEOS founder Ratcliffe had met Abramovich’s £2.75bn price tag, with a further £1.75bn committed to stadium renovations and future transfer budgets.

Ratcliffe’s last-gasp bid was initially believed to be the highest offer on the table, but it is now understood to be just shy of the three proposals already submitted.

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