British billionaire holds talks with Abramovich about buying Chelsea

British billionaire holds talks with Abramovich about buying Chelsea

British billionaire, Sir Jim Ratcliffe, is interested in buying Chelsea Football Club and has held initial talks over a potential takeover, the UK Times reports.

Ratcliffe, who made his fortune by founding petrochemicals company Ineos, is thought to have a net wealth of £21billion.

He has already made his mark on the sporting scene by agreeing to purchase Team Sky.

However, Ratcliffe, who is a Chelsea season ticket holder, is now exploring the possibility of replacing Roman Abramovich as the club's owner.

Although he owns Swiss football outfit Lausanne-Sport, who ply their trade in the top-flight in Switzerland, Ratcliffe is hoping to buy a far bigger club.

A sale to Ratcliffe is some way off, with Abramovich demanding £2.5billion.

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