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Britain's richest man Sir Jim Ratcliffe is still hoping to HIJACK the deal to buy Chelsea, despite Todd Boehly being named as the preferred bidder, with his 11th-hour £4.25bn bid still a 'viable option' if the frontrunner fails

Britain's richest man Sir Jim Ratcliffe is still holding out hope of owning Chelsea after submitting a £4.25bn bid on Friday - but American investor Todd Boehly remains in pole position.

Boehly is currently in a five-day period of negotiations about buying the club, after the bids of Steve Pagluica and Sir Martin Broughton were rejected last week.

Yet Ratcliffe's offer at the 11th-hour is, according to the Evening Standard, still seen as a 'viable option' by insiders, with US merchant bank Raine Group still in the process of confirming the new owner to take over from Roman Abramovich.