Sir Jim Ratcliffe's failed Chelsea takeover and the key difference at Manchester United
manchestereveningnews.co.ukSir Jim Ratcliffe is set to buy a minority stake in Manchester United after his failed Chelsea takeover attempt. The British billionaire made a move for the Blues after Roman Abramovich was forced to leave the club in 2022 because of Russia's war with Ukraine.
This opened the door for Ratcliffe to make an offer for United's Premier League rivals. His statement read: "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 investment directly into the club over the next 10 years. READ MORE: Why Manchester United have appointed Patrick Stewart as interim CEO READ MORE: Sir Dave Brailsford making visits to United training ground "This is a British bid for a British club.
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.
We will invest in Stamford Bridge to make it a world-class stadium, befitting of Chelsea FC. "This will be organic and ongoing so that we will not move away from the home of Chelsea and risk losing the support of loyal fans.
Read more on manchestereveningnews.co.uk