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Laurens can't understand Chelsea's treatment of Rudiger (1:42)

Thomas Tuchel said financial sanctions placed on the club prevented them from keeping Antonio Rudiger. There is a time and a place for this.

10:09 AM ET

Sir Jim Ratcliffe made a late offer to buy the club.

The deadline for final offers to be set by Raine Group, appointed by Roman Abramovich to handle the sale, was more than two weeks ago.

Ineos confirmed their bid on Friday afternoon. The amount of the bid exceeds those of the three remaining consortiums who were in the running, and Ratcliffe held talks with senior figures at Chelsea earlier this week.

The statement read that Sir Jim Ratcliffe, Chairman of INEOS, made a formal bid for the club.

This is a British bid for a club. We believe that a club is bigger than its owners who are only there for a short time, with responsibility to the fans and the community.