How Sir Jim Ratcliffe could still buy Chelsea despite Todd Boehly 'winning race'

dailystar.co.uk:

Chelsea still remains a possibility despite reports suggesting Todd Boehly has won the race.The British billionaire made a surprise, last-ditch bid to buy the club on Friday, coming in with a £4billion offer.

And the 69-year-old could well still be in with a shot at owning the west London side, even though The Telegraph reports that Boehly had made it as the preferred buyer in a deal worth more than £3.5billion.Journalist Sami Mokbel explained in a tweet: “Boehly to be officially selected as preferred bidder for Chelsea.

Boehly now has 5-7 days to sign purchase agreement - if that elapses then Sir Jim Ratcliffe’s bid could come into play.” Ratcliffe was one of those interested in buying the club, with a statement released on Friday from the billionaire’s group stating: "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.”A purchase agreement is a type of legally-binding contract that details the terms and conditions in relation to the sale of anything.