Simon Jordan has branded Sir Jim Ratcliffe a ‘disruptor’ for his 11am bid for Chelsea.
Todd Boehly’s consortium are expected to remain on course to be confirmed as the preferred bidder, then given the opportunity to seal a takeover of Stamford Bridge by Roman Abramovich.
The Russian oligarch put the club up for sale in March amid Russia’s war in Ukraine but was later sanctioned by the British government and his assets frozen.
Chelsea were still able to operate on a special license with New York-based merchant bank The Raine Group, which handled the process of supervising the sale.
The Treasury will have to ratify the sale of the club for a possible takeover, but significant progress has been made with LA Dodgers co-owner Boehly expected to be named the preferred bidder.
That was until Britain’s richest man, Ineos owner Ratcliffe, confirmed a final £4.25billion bid for the club.
Manchester United fan Ratcliffe carried out extensive due diligence on Chelsea in 2019, ultimately choosing not to submit a formal offer to buy the west London club.
The British billionaire had distanced himself from a bid for Chelsea in early March, with his brother Bob reiterating Ineos’ earlier determination not to be “dumb money” in football.
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But above all, Ratcliffe has never categorically excluded himself from a candidacy for the Blues.
Former Crystal Palace owner Jordan doesn’t believe Ratcliffe’s bid will succeed and the £4.25billion figure quoted isn’t quite what it seems.
When asked why Ratcliffe made the late offer, Jordan told talkSPORT: “No idea… being a disrupter? His offer is the lowest. He didn’t offer what the other guys offered.
“The other guys offered almost £3billion and he offered £2.5billion which was supposed to be the price people were supposed to come up with and offer a future commitment of £1.75billion . A future engagement, which I suspect the other guys will spend as much as he is obligated to spend.
“If they’re going to develop the stadium, which I suspect they’re all going to do, they’re all going to the same place.
“He had plenty of time to put himself in a situation where he could have done that. What drove him behind all this?
“You also have Todd Boehly’s offer, his lineup and who’s behind it. There are some very interesting people, not necessarily financially well off, but intellectually well off people like Danny Finkelstein.
“It will be Todd Boehly and his gang, it will be the guys who come out of it.
“Jim Ratcliffe, every time he gets involved in the sport, it’s not always the biggest hit. He wasn’t the biggest hit with Ben Ainslie in the Americas Cup, but the man has significant wealth.
“He’s a Manchester United fan, not that it influences who you can and can’t own.
“If he wanted to be involved in this process, he could have been at some point and probably didn’t want to be at the auction table with other people, but this bid that was disguised as 4, £25billion… what you spend in the future has nothing to do with what you buy the football club for.
” There are two things. The price you have to pay to own this business and what you plan to spend in the future is for the birds.
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