ARTICLES

“Dumb Money – Billionaire investor opens up on Chelsea purchase rumours and fire sale rumours

British billionaire Jim Ratcliffe out of the running to buy Chelsea

According to the Daily Mail, British billionaire Jim Ratcliffe, owner of INEOS, does not want to buy Chelsea and wants to focus on developing French side Nice into a European powerhouse.

Bob Ratcliffe, brother of Jim Ratcliffe runs the footballing division of INEOS Petrochemicals. The British billionaire looked at buying Chelsea in 2019 and Newcastle but opted to buy French club Nice. The Ligue 1 side are on course to qualify for the Champions League next season, have reached the Cup final and also got the better of French giants PSG in their league last night.

Bob Ratcliffe has claimed that they will not be in the race to buy Chelsea

The Ratcliffe brothers inherited a struggling Nice side with Patrick Vieira as the manager but replaced him with Christophe Galtier in the summer. The Frenchman made the switch from Lille to Nice, immediately after winning the league and has lived up to the expectations with Nice this season.

Speaking to Sportsmail, as quoted by Daily Mail, Bob Ratcliffe has claimed that they want to be smart and do not want to pursue buying Chelsea and would rather concentrate on Nice.

“We don’t want to be dumb money. With Nice we’re through to the cup final in France, that’s pretty significant.”

Selling Chelsea on a loss?

Daily Mail in a separate report also claims that Roman Abramovich may have to sell the London based club at a loss if he is unable to spark a bidding war among the suitors.

The Russian billionaire is apparently asking for £3billion to sell the club, with some even claiming that the figure could be close to £4bn. However, it is believed that Abramovich may have to cut his losses and lower his valuation to .

Roman Abramovich may have to cut his losses on Chelsea

There is no interest from Kuwait and China to buy Chelsea, while Russian investors cannot show any interest for the same reasons that Abramovich has to sell the Blues. As of now, the consortium formed by Swiss Billionaire Hansjorg Wyss and US-based Todd Boehly, along with other partners are the early favourites to buy the London based club.

Abramovich had said that he would sell the club debt-free. As time goes on, if Abramovich is unable to spark a bidding war and is forced to sell the club at a valuation lower than the £1.5 billion, then he will be forced to sell Chelsea on a loss.

When Bob Ratcliffe was asked if he thinks Chelsea is available on a fire sale, he said that it was unlikely and that the value will be high, even if that was the case.

“Is Chelsea really a fire sale? I’m not sure. That’s a good story but I’m sure it’s still a very big number.”

End of an era?

More Chelsea News

Whether on a loss or not, Chelsea are up for sale and it remains to be seen as to who will be the new owners at Stamford Bridge and how it affects the Blues from a footballing perspective.

Pranav Kannan

I'm Pranav Kannan, a data scientist by day, football enthusiast by night. My journey with the beautiful game began with the mesmerizing play of Lionel Messi, whose unparalleled skill turned me into a lifelong Barcelona fan and sparked my passion for football. Writing about football has been a refreshing cocktail of joy, and probably the most intoxicating yet, much like experiencing the 6-1 comeback live. Through my work, I hope to connect with readers who share a similar excitement and love for the game and offer a fresh perspective.

Recent Posts

Chelsea shortlist two names as Maresca keen to strengthen one key area

Chelsea boss Enzo Maresca eyeing defensive reinforcements in January Chelsea could well find themselves in the market to improve their…

2 hours ago

Chelsea ready to cash in on £20m star in January

Chelsea are willing to offload Carney Chukwuemeka in January amid interest from Ipswich Town Chelsea boss Enzo Maresca has some…

3 hours ago

Noni Madueke praises Cole Palmer, and says he doesn’t have a ceiling

Chelsea winger Noni Madueke has sung the praises of his teammate, Cole Palmer, describing him as a player with extraordinary…

1 week ago

Fan Power: How Chelsea Fans Could Stop Stamford Bridge Move

Ask any matchday Chelsea fan who the CPO are, and they’ll tell you that it stands for the Chelsea Pitch…

3 weeks ago

Chelsea and Arsenal in pursuit of €427,308 per week striker

Chelsea and Arsenal are reportedly planning to make a signing move for the Juventus Center forward in winter.

3 weeks ago

Former Arsenal star raves about Chelsea’s midfield maestro

Cole Palmer is taking the headlines for the performances he has been putting in since moving to Chelsea in the…

1 month ago