British chemicals group Ineos has entered a bid to take over English Premier League club Chelsea.
As the holding company around boss Jim Ratcliffe announced on Friday, it offers 4.25 billion pounds (around 5.06 billion euros) for the purchase of the London football club.
According to English media reports, the offer should be far above the previous bids of other interested parties.
The proposed deal would guarantee the current Champions League winner of 2021 investments of more than two billion euros spread over the next ten years.
The remaining almost three billion euros would go to a charitable foundation to support the victims of the war in Ukraine.
The previous owner of the club around German coach Thomas Tuchel, the Russian billionaire Roman Abramovich, put the club up for sale before the British government imposed harsh sanctions on him for his alleged closeness to Russian President Vladimir Putin.
The sanctions also hit Chelsea.
Ineos has invested heavily in sport in recent years, in addition to football also in Formula 1, sailing and cycling.