Sir Jim Ratcliffe has been linked with a takeover at Chelsea for a number of years – and his brother has stated how much it would cost to complete a takeover of a Premier League club.
Ratcliffe owns the company Ineos, lives in Chelsea, and is a season-ticket holder at Stamford Bridge despite reportedly being a Manchester United supporter.
He previously stated that he would “never say no” to a Chelsea takeover, but admitted that “I don’t know where those conversations will finish”.
Click to play
Tap to play
The video will start in8Cancel
But Ineos’ move last August to take over Ligue 1 side Nice seems to have ended Ratcliffe’s interest in Chelsea.
His brother Bob, who is head of Ineos’ football division, told the BBC last year that the main reason a takeover of Chelsea did not take place previously was because of how far the two were away from each other on valuation.
“I think the foreseeable future it is off the radar,” he added. “We have a three to five year project in Nice and that will keep us busy.
“There was some early exchange [with Chelsea] but we were a significant way apart on valuations.
“The issue with Chelsea is its stadium. We are all getting older and it is a decade of your life to resolve that.”
And now Bob Ratcliffe has revealed how much it would currently cost to take over a Premier League club.
He told the Financial Times’ Business of Football Summit that a takeover of a ‘top six’ club would cost at least £2billion.
Meanwhile, a move for a team elsewhere in the Premier League would cost between £150million and £350million.
He added that: “They’re all for sale.”