Sir Jim Ratcliffe has launched a Chelsea takeover bid, years after he snubbed the chance to buy Newcastle.

According to BBC Sport, Ratcliffe has made a late bid to buy the Blues, who are still up for sale after Roman Abramovich was sanctioned.

Chelsea are desperate for a takeover, having been granted a special licence by the government to continue operating as a club. The licence expires on May 31st.

They’re currently allowed to play games, but are unable to trade. The club shop is closed and contracts can’t be renewed. Meanwhile, only season ticket holders are allowed to attend games.

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There has been plenty of interest, with lots of incredibly rich people attempting to buy Chelsea. Now Ratcliffe has entered the conversation, offering £4.25billion.

The INEOS chief is a British billionaire, and a name Newcastle fans may remember.

Jim Ratcliffe thought Newcastle were overpriced in 2019 – now wants to pay billions for Chelsea

Newcastle United were the subject of a takeover last year. A consortium consisting of PIF, Amanda Staveley and Jamie Reuben bought the club for £305million.

It’s a deal that has transformed the club, after years of Mike Ashley struggling to sell the Magpies.

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There were plenty of parties linked with a takeover, including Ratcliffe’s INEOS group. They bought French side Nice in 2019, but did have the opportunity to purchase Newcastle.

“Obviously people talked to us about Newcastle as well. But again you come back to a valuation in the hundreds of millions and it’s very difficult to contemplate,” Bob Ratcliffe, Jim’s brother, said in 2019.

Fast forward a few years and they’re offering billions to buy Chelsea. Yes, they’re obviously a much more valuable club, but to go from ‘hundreds of millions is too much’ to offering £4.25billion is incredible.

Once again, it shows what a bargain Newcastle were. PIF have pulled off a brilliant deal, and the club is well placed to challenge the big boys in the coming years.

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