Jim Ratcliffe has pledged to invest £1.75billion into Chelsea's teams and infrastructure if successful in purchasing the Blues, including a "world-class" redevelopment of their Stamford Bridge home.
Ratcliffe, who announced his bid for the west London outfit earlier on Friday, promised to ensure the Blues are "held in the same regard as Real Madrid, Barcelona or Bayern Munich" in a statement released by his company INEOS.
INEOS already has extensive sporting ties, owning Ligue 1 outfit Nice and enjoying sponsorship deals with the INEOS Grenadiers cycling team and Formula One's Mercedes, and Ratcliffe is now rivalling three consortiums for control of the Blues.
He told The Times the only motivation behind his offer was to "create a very fine club in London", although Friday's statement expands upon Ratcliffe's declaration of interest, pledging substantial investment "for the direct benefit of the club" over the next 10 years and to redevelop Stamford Bridge rather than build a new stadium.
The British billionaire has also said £2.5billion will go to a charitable trust to support victims of Russia's ongoing war on Ukraine after Roman Abramovich was placed under sanctions by the UK government last month.
"Sir Jim Ratcliffe, Chairman of INEOS, has made a formal bid for Chelsea FC, for £4.25billion. £2.5billion is committed to the Charitable Trust to support victims of the war, with £1.75billion committed to investment directly into the club over the next 10 years," the statement read.
"This is a British bid, for a British club. We believe that a club is bigger than its owners, who are temporary custodians of a great tradition, with responsibility to the fans and the community.
"That is why we are committing to spending £1.75billion over 10 years that will be for the direct benefit of the club.
"We will invest in Stamford Bridge to make it a world-class stadium, befitting of Chelsea FC. This will be organic and ongoing so that we will not move away from the home of Chelsea and risk losing the support of loyal fans.
"We will continue to invest in the team to ensure we have a first-class squad of the world's greatest players, coaches and support staff, in the men's and women's games, and we hope to continue to invest in the academy to provide opportunity for talented youngsters to develop into first class players.
"We believe that London should have a club that reflects the stature of the city. One that is held in the same regard as Real Madrid, Barcelona or Bayern Munich. We intend Chelsea to be that club.
"We are making this investment as fans of the beautiful game – not as a means to turn a profit. We do that with our core businesses. The club is rooted in its community and its fans. And it is our intention to invest in Chelsea FC for that reason.
"No further comment will be made from Sir Jim or INEOS during the bidding process."
Ratcliffe's offer is competing with bids from consortiums fronted by Todd Boehly, Martin Broughton and Stephen Pagliuca, as the Blues await an end to the uncertainty that has surrounded the club since Abramovich announced his intention to sell last month.
Real Madrid hit Twente for seven, five-star Wolfsburg also win big
Real Madrid had six different goalscorers as they trounced Twente 7-0 in the Women's Champions League on Wednesday, while Wolfsburg beat Galatasaray 5-0.
Signe Bruun opened the scoring three minutes into the Group B encounter at the Estadio Alfredo Di Stefano, then Maria Mendez's header gave Madrid a 2-0 half-time lead.
Madrid, who had won one and lost one of their opening two games in the tournament, got a third through Naomie Feller five minutes into the second half, then Caroline Weir made it 4-0 with a brilliant free-kick.
Mendez headed home her second of the encounter shortly after the hour mark, while Oihane Hernandez and Carla Camacho got on the scoresheet late on to complete the rout.
The victory took Madrid second in the Group B standings ahead of Chelsea's trip to Celtic.
Wolfsburg were also convincing victors in Group A, getting off the mark for this season's competition as Rebecka Blomqvist scored a hat-trick in their 5-0 thrashing of Galatasaray.
The Bundesliga side – who failed to pick up a point or score a goal in their opening two matches – had a narrow 1-0 lead at half-time through Joelle Wedemeyer, before Blomqvist took centre-stage in the second period.
She tapped home after Janina Minge struck the crossbar, then added her second goal in the 77th minute and her third six minutes into stoppage time.
Vivien Endemann powered home a fifth for Wolfsburg one minute later, as they provisionally moved within three points of Lyon and Roma ahead of their meeting.
Taylor pleased with City's physical test during Hammarby win
Manchester City head coach Gareth Taylor was pleased with how his team stood up to the physical challenge of Hammarby in their 2-0 Champions League victory on Tuesday.
City's win extended their unbeaten start to the season, having won every game in all competitions following a 2-2 draw against Arsenal on opening day.
“Difficult game for us, physical challenge, a physical team in Hammarby. I think they outnumber us a little bit in terms of size, considering when you look at our midfield. But I thought the girls handled it really well," Taylor said after the game
“I thought we dominated the game. In the early parts we were just a little bit off in our final action. We just needed to speed up a little bit in terms of being on the end of it, and we spoke about that at half-time, and we score with Laura getting into that type of position we’d been talking about.
“[The physicality was something] we were prepared for, but dealing with it is a different thing. Having Bunny [Khadija Shaw] and Alanna [Kennedy] on the pitch, two of our more physical players, is really important, particularly for set-plays.
“At 1-0 we were defending a couple of scenarios like that, Yama [Ayaka Yamashita] making a really good save at one point. Then Aoba [Fujino] got the goal that maybe allowed us to change things up a little bit more, get some people off that we’d like to manage.
“I think the girls have dealt with it really well tonight. We expected it, we thought it would be difficult, and they rose to the challenge.”
The victory leaves City top of their Champions League group with a 100% record after three matches, three points above second-placed Barcelona.
Taylor had made changes to City's starting XI, with Lauren Hemp among the trio to drop out from the weekend and she did not feature in the squad. Ahead of their weekend game against Chelsea, who are second in the WSL, Taylor explained the reasoning behind Hemp's absence.
“We’ve just got an issue with Lauren that we just need to analyse a little bit further, that’s all," he said.
“It’s something that potentially happened in the Palace game [on 3 November]. She was able to play in the Tottenham game [last Friday] but wasn’t able to tonight, so we’ll just take a little bit longer to assess and find out more.
“Hopefully [she can play against Chelsea]. There’s an opportunity there, we’ll just have to take a moment tomorrow, have a good conversation and find out where we’re at with the medical staff.”
Al-Riyadh 0-1 Al-Nassr: Mane hands visitors bragging rights
Sadio Mane's first-half strike ensured Al-Nassr maintained their unbeaten start to the Saudi Pro League season with a 1-0 win over rivals Al-Riyadh.
He smartly finished from close range in the 41st minute, with his goal enough to seal the three points and move Al-Nassr up to third in the table.
Al-Nassr's threat grew as the first half went on, with Milan Borjan making a fine double stop to deny Ronaldo and Talisca once again before Mohamed Simakan struck the post on the rebound.
Mane would eventually break the deadlock in the 41st minute though, darting in front of his marker to meet Abdulrahman Ghareeb's low cross and rifle it into the roof of the net.
The Senegalese striker arguably should have doubled his tally before the break, but was denied by Borjan's stretching save when one-on-one with the Canadian.
Talisca should have wrapped up the points in the final three minutes, but he blazed over an empty net from close range, before having a late goal disallowed for offside.
Data Debrief: Derby delight for Al-Nassr
After drawing their last two matches, this win was a welcome result for Al-Nassr as they racked up their sixth victory of the season to close the gap at the top of the table to six points.
It is just the second time Al-Nassr have avoided defeat in their first 10 matches of a Pro League campaign, last doing so in 2013-14, when they won the league title.
They are now unbeaten in their last seven Pro League derbies (W4 D3), their longest such streak since a run of nine between 2018 and 2020.
This is the first time in eight such games that they have kept a clean sheet though, and limited their opponents to just five shots throughout.
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