<p>British businessman Jim Ratcliffe remains interested in buying Chelsea despite having his late bid for the London club dismissed, according to a director of his petrochemicals company Ineos.</p>.<p>Ratcliffe, reportedly Britain's richest man, revealed on Friday he was putting forward an offer for the Blues totalling £4.25 billion ($5.3 billion).</p>.<p>Of those funds, £1.75 billion of investment would go into the Chelsea squad and stadium redevelopment over the next 10 years, while a further £2.5 billion would be committed to a charitable trust to support victims of the war in Ukraine.</p>.<p>However, Ratcliffe's offer came weeks after the deadline for interested parties to submit their bids to American bank Raine, who are overseeing the sale process.</p>.<p>The 69-year-old explored a potential bid for Chelsea in 2019 but instead purchased French club Nice.</p>.<p>Ineos also owns Swiss side FC Lausanne, the former Team Sky cycling franchise and sponsors Formula One constructors' world champions Mercedes.</p>.<p>Chelsea owner Roman Abramovich put the club up for sale on March 2 before being sanctioned the following week by the British government over Russia's invasion of Ukraine.</p>.<p>"We've been rejected out of hand by Raine, but we will keep reminding people we are still here," Ineos director Tom Crotty told Bloomberg on Wednesday.</p>.<p>The bid fronted by Los Angeles Dodgers co-owner Todd Boehly has received preferred bidder status from Raine.</p>.<p>Boehly has united with fellow Dodgers co-owner Mark Walter, British businessman Jonathan Goldstein, Swiss billionaire Hansjorg Wyss and US investment firm Clearlake Capital.</p>.<p>The Boehly consortium is now in exclusive talks to try and seal the deal with time running out before a special licence granted to the club to keep operating expires on May 31.</p>.<p>However, there are fears for the future of the club should Abramovich renege of his initial promise not to call in loans exceeding £1.5 billion.</p>.<p>The Times reported on Tuesday that Abramovich is claiming the sanctions prevent him from being able to write off that debt.</p>.<p>Under the terms of their licence, Chelsea are currently unable to offer new contracts to existing players or sign players from other clubs.</p>
<p>British businessman Jim Ratcliffe remains interested in buying Chelsea despite having his late bid for the London club dismissed, according to a director of his petrochemicals company Ineos.</p>.<p>Ratcliffe, reportedly Britain's richest man, revealed on Friday he was putting forward an offer for the Blues totalling £4.25 billion ($5.3 billion).</p>.<p>Of those funds, £1.75 billion of investment would go into the Chelsea squad and stadium redevelopment over the next 10 years, while a further £2.5 billion would be committed to a charitable trust to support victims of the war in Ukraine.</p>.<p>However, Ratcliffe's offer came weeks after the deadline for interested parties to submit their bids to American bank Raine, who are overseeing the sale process.</p>.<p>The 69-year-old explored a potential bid for Chelsea in 2019 but instead purchased French club Nice.</p>.<p>Ineos also owns Swiss side FC Lausanne, the former Team Sky cycling franchise and sponsors Formula One constructors' world champions Mercedes.</p>.<p>Chelsea owner Roman Abramovich put the club up for sale on March 2 before being sanctioned the following week by the British government over Russia's invasion of Ukraine.</p>.<p>"We've been rejected out of hand by Raine, but we will keep reminding people we are still here," Ineos director Tom Crotty told Bloomberg on Wednesday.</p>.<p>The bid fronted by Los Angeles Dodgers co-owner Todd Boehly has received preferred bidder status from Raine.</p>.<p>Boehly has united with fellow Dodgers co-owner Mark Walter, British businessman Jonathan Goldstein, Swiss billionaire Hansjorg Wyss and US investment firm Clearlake Capital.</p>.<p>The Boehly consortium is now in exclusive talks to try and seal the deal with time running out before a special licence granted to the club to keep operating expires on May 31.</p>.<p>However, there are fears for the future of the club should Abramovich renege of his initial promise not to call in loans exceeding £1.5 billion.</p>.<p>The Times reported on Tuesday that Abramovich is claiming the sanctions prevent him from being able to write off that debt.</p>.<p>Under the terms of their licence, Chelsea are currently unable to offer new contracts to existing players or sign players from other clubs.</p>