Sir Jim Ratcliffe, the owner of Team Ineos, has submitted a last-minute £4.25billion bid to buy Chelsea.
According to Sky Sports, Ratcliffe has held talks with Blues chairman Bruce Buck on Thursday and submitted a major offer on Friday.
The 69-year-old explored in detail a possible bid for the Blues back in 2019, only to buy French club Nice instead.
A spokesperson for Ratcliffe confirmed the British business magnate’s offer to buy Chelsea, with the bid understood now to represent the highest for the club.
“We put an offer in this morning,” Ratcliffe told The Times.
“We are the only British bid. Our motives are simply to try and create a very fine club in London. We have no profit motive because we make our money in other ways.”
