Petrochemicals billionaire Jim Ratcliffe is interested in buying Chelsea from Roman Abramovich.The 66-year-old completed a takeover of cycling giant Team Sky on Tuesday and the Blues could be his next big purchase.Ratcliffe remains keen on buying the club despite Abramovichs 2.5billion asking price.2
- Ratcliffe grew up in Failsworth, Greater Manchester and lived in a council house with his parents.
- Ratcliffe founded petrochemicals company Ineosin 1998 which would go on to make him a multi-billionaire. Now, he is understood to be worth 21billion.
- Explaining the secret to his major success, he told The Times: Wed look at businesses that were unfashionable or unsexy, facilities owned by large corporations where youd know they would be sloppy with the fixed costs. Wed run them a bit better, reduce the costs, make them busy, and over the cycle they are very profitable.
- Ratcliffe, a boyhood Manchester United fan, lives in Chelsea and has a Stamford Bridge season ticket.
- The businessman changed Team Skys name to Team Ineos following his successful takeover.
- Ratcliffe is no stranger to owning football clubs. In November 2017, he bought Swiss minnows FC Lausanne-Sport. Zinedine Zidanes son, Enzo Fernandez, was the first signing under Ratcliffes ownership. The club suffered relegation to Switzerlands second tier last season.
- He was knighted by the Queen for his services to business and investment in June 2018.
- Ratcliffe is a strong Brexit supporter. Last year, he announced he was relocating to Monaco, a move which would reportedly save him up to 4billion in tax. Liberal Democrat leader Sir Vince Cable branded the move deeply cynical. He said: The idea we should be dishing out knighthoods to people who have no commitment to this country is rather shameful.
Jim Ratcliffe has reportedly tried to buy Chelsea from Roman Abramovich (Photo by Jeff J Mitchell/Getty Images) Ratcliffe was a co-founder of INSPEC and made his money through shale gas, before creating the company Ineos in 1998, a multinational petrochemicals giant.
Reports: Billionaire Manchester United fan in bid to purchase
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