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The Independent UK
The Independent UK
National
Via AP news wire

Jim Ratcliffe launches late $5 billion bid to buy Chelsea

Copyright 2022 The Associated Press. All rights reserved

British billionaire Jim Ratcliffe launched a late bid to buy Chelsea for 4.25 billion pounds ($5.3 billion) on Friday as three offers featuring American investors were already being assessed as the sale process nears a conclusion.

Chelsea was put up for sale in March after Russia owner Roman Abramovich was sanctioned by the British government over his ties to President Vladimir Putin following the invasion of Ukraine.

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