British billionaire Sir Jim Ratcliffe's bid to buy Chelsea isn't dead after it was rejected by the bank overseeing the Blues' sale.
Britain's richest man has refused to give up on his attempt buy the Stamford Bridge club.
Ineos director Tom Crotty revealed Raine Group handed Ratcliffe a “rapid rejection" on his last-minute £4.25billion bid for Chelsea.
Petrochemicals boss Ratcliffe will continue to press to win the race to take the Chelsea reins from Roman Abramovich, though, despite that setback.
“We had a rapid rejection by Raine," Crotty told the PA news agency.
“But we are still pushing as we believe we are a good bidder who would be good for the long-term future of the club."
Crotty also said: "We've been rejected out of hand by Raine, but we will keep reminding people we are still here.
“We will continue to engage with the fanbase. We see ourselves as a fan-based bid."
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