Sir Jim Ratcliffe has seen his £4.25billion offer to buy Chelsea 'rejected out of hand' - but Britain's richest man remains interested in a takeover.
Chelsea's takeover saga is still unresolved with the club hoping to restructure their sale after Roman Abramovich backtracked on his promise to write off their £1.6bn debts - leading to concerns the deal could be delayed and putting the club's future at serious risk.
Ratcliffe - the CEO of global chemicals company INEOS, had submitted the eleventh hour bid but reportedly bypassed US merchant bank Raine Group, the company in charge of overseeing Chelsea's takeover.