Sir Jim Ratcliffe has been told to “forget” his £4.25bn bid for Chelsea by the US bank overseeing the sale but has not given up hope of buying the club.
Ratcliffe made his offer last Friday, two weeks after the deadline, but a consortium led by Todd Boehly was granted preferred bidder status and is in a five-day exclusivity period, attempting to agree a deal with Chelsea’s owner, Roman Abramovich.
