Chelsea sale: Sir Jim Ratcliffe makes sensational late £4bn bid amid UK Government warning, As court makes final decision on Chelsea some minutes ago concerning it sanction

 

Chelsea sale: Sir Jim Ratcliffe makes sensational late £4bn bid amid UK Government warning, As court makes final decision on Chelsea some minutes ago concerning it sanction 

Ineos owner Sir Jim Ratcliffe has confirmed he has made a late bid to buy Chelsea. The £4 billion move comes just as it seemed a decision would be reached soon on which of the three other contenders would be handed the reins at Stamford Bridge.

Consortiums led by Todd Boehly; Stephen Pagliuca; and Sir Martin Broughton looked set to be the only options on the table for Chelsea and Raine, the bank advising the club on the takeover, but that no longer seems to be the case.

The move comes just a day after Secretary of State for Digital, Culture, Media and Sport Nadine Dorries, sent a warning to Chelsea to speed up the process, saying that they were on borrowed time. Speaking on the BBC's Newscast podcast, she said: "Chelsea is very much on borrowed time at the moment. There is a very short window left for that sale to take place. It has to happen soon."