Chelsea bidder Sir Jim Ratcliffe vows to invest eye-popping sum on team and stadium

dailystar.co.uk:

Chelsea bidder Sir Jim Ratcliffe has stated his ambition to invest huge sums into the team.If his £4billion bid succeeds, the businessman, 69, said a figure of £1.75bn will be dedicated towards the club’s trajectory as an elite Premier League side by investing in the team and stadium.A statement released on Friday from the billionaire’s group stated: "Sir Jim Ratcliffe, chairman of Ineos, has made a formal bid for Chelsea FC, for £4.25bn. £2.5bn is committed to the Charitable Trust to support victims of the war, with £1.75bn committed to invest directly into the club over the next 10 years.“We believe that a club is bigger than its owners who are temporary custodians of a great tradition.

With responsibility to the fans and the community. That is why we are committing to spending £1.75bn over 10 years that will be for the direct benefit of the club.”Despite the offer coming at the 11th-hour, Ratcliffe will have to fend off interest from three other interested parties in the bidding war. Do you think Ratcliffe could turn Chelsea into a European super power?

Let us know in the comments section below. The current owner, Roman Abramovich, is thought to want £2.5billion for the club to bring an end to his 19-year tenure.

But indeed, The Times report that Ratcliffe, Ineos chief who had grown up supporting Manchester United, has put forth an extra £1.75billion to upgrade the team and stadium, meaning a securer future for Chelsea.The tycoon is believed to be one of the richest men in Britain, with an estimated value of around £12billion.He said via the publication on Friday: "We put an offer in this morning. “We are the only British bid.