UK Billionaire Makes $5.3B Bid To Buy Chelsea Football Club

By Benjamin Horney (April 29, 2022, 1:43 PM EDT) -- The billionaire chairman of U.K. chemicals giant Ineos said Friday that he has launched a £4.25 billion ($5.3 billion) bid to buy Chelsea Football Club from Russian oligarch Roman Abramovich.

The formal offer from Jim Ratcliffe consists of £2.5 billion that will go to a charitable trust to support victims of the Russian war against Ukraine, with an additional £1.75 billion being invested directly into Chelsea FC over the next 10 years, according to a statement posted on the Ineos Group Ltd. website.

"This is a British bid, for a British club," the statement said. "We believe that a club is...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!