Egypt, Saudi Arabia coordinate on regional crises ahead of first Supreme Council meeting    FRA launches first register for tech-based risk assessment firms in non-banking finance    Egypt's Health Ministry, Philips to study local manufacturing of CT scan machines    African World Heritage Fund registers four new sites as Egypt hosts board meetings    Maduro faces New York court as world leaders demand explanation and Trump threatens strikes    Egypt identifies 80 measures to overhaul startup environment and boost investment    Turkish firm Eroglu Moda Tekstil to invest $5.6m in Egypt garment factory    EGX closes in red area on 5 Jan    Gold rises on Monday    Oil falls on Monday    Al-Sisi pledges full support for UN desertification chief in Cairo meeting    Al-Sisi highlights Egypt's sporting readiness during 2026 World Cup trophy tour    Egypt opens Braille-accessible library in Cairo under presidential directive    Abdelatty urges calm in Yemen in high-level calls with Turkey, Pakistan, Gulf states    Madbouly highlights "love and closeness" between Egyptians during Christmas visit    Egypt confirms safety of citizens in Venezuela after US strikes, capture of Maduro    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Abramovich knocks back approach to buy Chelsea: reports
Reuters Published in Ahram Online on 09 - 06 - 2018

Britain's richest man has had a bid to buy Chelsea football club turned down by Roman Abramovich, according to British media reports.
The Daily Mail reported that Jim Ratcliffe, the chairman and chief executive of multinational petrochemicals group Ineos, expressed an interest in the Premier League club which the Russian has owned for 15 years.
Chelsea's future has become uncertain since Abramovich ran into UK visa problems, which caused him to miss Chelsea's FA Cup final victory over Manchester United last month.
The delay in renewing his UK tier one investment visa, which has been reported to be linked with worsening UK-Russian relations, led to him applying for Israeli citizenship, which was granted last month.
Israeli passport holders can enter Britain without a visa for short stays, although they require visas to work there.
Speculation over his commitment to Chelsea intensified when the club announced it would not go ahead with a one billion pound ($1.34 billion) redevelopment of Stamford Bridge, a project intended to place it on a firmer financial footing.
Despite the uncertainty, the Daily Mail report said Abramovich remains committed to Chelsea, who are valued at around one billion pounds, and had knocked back Ratcliffe's approach, which it said was one of several.
Ratcliffe, 65, is reported to be a Chelsea season ticket holder and last month topped the Sunday Times rich list which valued his personal fortune at 21.05 billion pounds, compared with Abramovich's 9.3 billion pounds.
Last year Ineos purchased Swiss club FC Lausanne-Sport, which is based near to its offices in Rolle in the Canton of Vaud.
Ratcliffe, who grew up in Manchester, has not previously linked with buying into English football.
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.
(For more sports news and updates, follow Ahram Online Sports on Twitter at @AO_Sports and on Facebook at AhramOnlineSports.)

Clic here to read the story from its source.