Three bidders were in the running to buy Chelsea for about £2bn but the race now has a fourth entrant who is looking to invest a whooping £4bn in an effort to own the club. Jim Ratcliffe in 1998 founded the chemical group Ineos which is best known in the sporting world for its sponsorship of the British cycling outfit Team Ineos. In a statement released by Ineos, Ratcliffe said that invest in Stamford Bridge to make it a world-class stadium, befitting of Chelsea FC. He further added that he will continue the investment in the academy to provide opportunities for talented youngsters to develop into first-class players. 

Chelsea are now operating under a special license issued by the United Kingdom government that is set to expire on 31st May. The other three consortiums that are already in the race to acquire the club are led by; Co-owner of the Boston Celtics Stephen Pagliuca, Sir Martin Broughton, and Los Angeles Dodgers co-owner Todd Boehly. Sir Jim Ratcliffe says that he aims at making Chelsea a club that reflects the stature of the city held in the same stature as Paris Saint Germain, Bayern Munich, Barcelona, and Real Madrid.