Abramovich knocks back approach to buy Chelsea

Chelsea owner does not want to part with his asset

Chelsea owner Roman Abramovich has no interest in selling the club, Sky Sports News understands.

The Mail say Ratcliffe's advances were rejected and that Abramovich made it clear he has no intention of selling Chelsea despite his recent decision to shelve the redevelopment of Stamford Bridge after problems obtaining a United Kingdom visa from the Home Office.

The Daily Mail reported on Saturday that Ratcliffe, the founder, chairman and majority owner of chemicals firm Ineos, had offered £2billion to buy the west London club.

Ineos already owns Swiss side Lausanne-Sport.

However, if the reports are to be believed, it looks like Abramovich isn't looking to sell Chelsea just yet.

Chris Bosh believes former teammate LeBron James could join the Rockets
After that, he has the option to opt out of his deal and test the waters of free agency for the first time in his career. And let's not forget the biggest reason Irving would likely want to play in Madison Square Garden-Kristaps Porzingis.

Jim Ratcliffe, head of petrochemicals heavyweights Ineos (who happens to be a Chelsea season ticket holder), has tried to take advantage of the precarious situation.

Meanwhile, TUKO.co.ke previously reported how Abramovich was reportedly planning to sell his Premier League club Chelsea and he has demanded a whopping sum of KSh 156.7 billion if he chose to sell Chelsea.

Sportmail reports that Ratcliffe is among a number of approaches that have been rejected, including from China.

"Shelling out KSh 270 billion or so would seem like a drop in the ocean for Jim but at the moment he is torn about what to do", noted a close pal of Ratcliffe, who prefers to remain anonymous.

Abramovich bought Chelsea in 2003, with five Premier League titles, five FA Cups, three EFL Cups, the Champions League and the Europa League being won since then. As a result, he applied for and was granted Israeli citizenship.

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