Sir Jim Ratcliffe, a British billionaire, has made a last-minute offer to buy Chelsea.
A representative for the Ineos Chief confirmed this development.
The new bidder is claimed to have met with the club’s chairman, Bruce Buck, yesterday and to have made a significant offer for the Stamford Bridge club on Friday.
Ratcliffe, 69, evaluated a prospective offer for the west London club in 2019, only to purchase French club Nice instead.
Ratcliffe’s previous due diligence on Chelsea will expedite the process of his bid, minimising any delays in the sale process headed up by New York merchant bank the Raine Group.
The Ratcliffe’s late entrance adds another heavyweight bid to the battle to buy Chelsea from Roman Abramovich.
A spokesperson for Ratcliffe told The Times that the British business magnate has made a huge offer to buy Chelsea
The bid is understood now to represent the highest for the club.
‘We put an offer in this morning,’ Ratcliffe told The Times.