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Twitter Ablaze as Abramovich Refuses to Sell Chelsea to UK's Richest Man

11 June 2018

Russian billionaire Roman Abramovich has insisted that he has no plans of selling Chelsea football club anytime in the near future.

The report claims that Jim Ratcliffe, the owner of petrochemicals giant Ineos, has expressed an interest in buying Chelsea Football Club.

With doubts over Abramovich's political status, Britain's richest man Jim Ratcliffe has made an approach to take the club of the Russians hands.

Ineos already owns Swiss side Lausanne-Sport.

Last month's Sunday Times rich list valued Ratcliffe at £21.05bn, compared to Abramovich's £9.3bn valuation.

Already, Ratcliffe's company Ineos recorded sales of about KSh 6 trillion and now has over 18,500 people in 22 countries in its payroll.

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The 51-year-old couldn't gain entry into the United Kingdom following his failed attempt to get his visa into the country renewed and following that opted to become an Israeli citizen.

It means there's been speculation that Abramovich could up sticks after buying Chelsea for £140million in 2003.

He was reportedly incensed at not being allowed to watch Chelsea's win over Manchester United in this year's FA Cup final on May 19 and within days he applied for and gained Israeli citizenship.

Ratcliffe's plans to buy Chelsea might not see the light of the day as his offer was quickly discarded, with the Chelsea owner stating he had no intention to sell the club.

A spokesman for Ineos said they did not respond to market rumour or speculation and Chelsea, who refused to comment publicly on the story to the Mail, did not respond to phone calls from Reuters.

Twitter Ablaze as Abramovich Refuses to Sell Chelsea to UK's Richest Man