Billionaire rules out Premier League takeover after looking at Newcastle United
Sir Jim Ratcliffe has ruled out buying a Premier League club.
The billionaire, Britian’s richest man, looked at Newcastle United and Chelsea as potential takeover targets last year before settling on French club Nice.
Speaking at the time, Ratcliffe’s brother Bob said: "You look at Newcastle, and we looked at a lot of clubs. You come back to a valuation in the hundreds of millions, and it’s difficult to contemplate.”
Ratcliffe’s Ineos group paid £88million for Nice, and he says he is no longer looking at English clubs.
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"We’re very comfortable with where we are with Nice, actually," Ratcliffe told BBC Sport. "It's going quite well. It's been quite interesting. We’re still learning, and it’s quite a challenging league in France with some very talented players."
Owner Mike Ashley put Newcastle up for sale in late 2017. Ashley values the Premier League club at upwards of £300million.