Britain’s richest man has been put off buying Chelsea due to Roman Abramovich’s £2.5billion valuation of the Premier League club, according to reports.
Sir Jim Ratcliffe, the petrochemicals billionaire, remains interested in the Blues after allegedly failing with a bid to buy them last summer.
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Ratcliffe was named Britain’s wealthiest man in The Sunday Times Rich List
He is today (Tuesday) set to complete a takeover of Team Sky, with the cycling team to be renamed Team Ineos after the company he founded which made him a multi-billionaire.
Ratcliffe is understood to be worth £21billion, and he currently holds a Chelsea ticket despite growing up a Manchester United fan.
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And The Times say the 66-year-old has looked into buying the Blues amid doubts over Abramovich’s long-term future as owner of the Stamford Bridge club.
Chelsea insist the club is not for sale, but Abramovich’s decision to put a redevelopment of their stadium on hold has led to questions about his growing detachment.
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Abramovich, who bought Chelsea in 2003, has also faced visa problems relating to the break down in relations between Britain and Russia, with the 52-year-old eventually getting an Israeli passport to ensure he remains able to legally visit England.
Nonetheless, Abramovich wants at least £2.5billion for a club into which he has injected much of his own wealth, and Ratcliffe is unwilling to match such a price due to Chelsea needing a new stadium and the investment that will come with that.
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