Ratcliffe, 65, boss of petrochemicals giant Ineos, who is knighted today in the Queen's Birthday Honours for services to business and investment, is understood to have offered about £2bn for the club.
In recent weeks, Abramovich has experienced problems with gaining a working visa for the United Kingdom and has also chose to postpone plans to build a new stadium.
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Now let's all move on to things that actually matter", Huntsman said in a tweet . His non-reaction prompted even more mirth on social media.
Chelsea refused to comment on Friday, stating only that Abramovich remains committed to a club he has owned for 15 years.
With doubts over Abramovich's political status, Britain's richest man Jim Ratcliffe has made an approach to take the club of the Russians hands.
Seven months ago, he bought the Swiss club Lausanne-Sport for an undisclosed sum as part of his company's commitment to local sport. After pulling the plug on plans to renovate Stamford Bridge, speculation has arisen over the 51-year-old's future at the helm of the club.
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The theater people at Radio City stood and cheered. "America", the famously frank Jackson said, graciously, "is always great". Many critics have tapped The Band's Visit as their odds-on favourite to be crowned best new musical.
He was reportedly furious at not being allowed into the country to watch his side's FA Cup final victory over Manchester United last month, and has now applied to be an Israeli citizen in order to be able to visit the UK for up six months at a time.
Ratcliffe, who grew up in Manchester, has not previously linked with buying into English football.
Abramovich has had problems with a United Kingdom visa and also shelved the plans for an expansion of Stamford Bridge recently.
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And this is after her husband, Prince Philip , who will turn 97 on Sunday, had major surgery for a hip replacement in April. It is the most common operation performed in the United Kingdom , taking 30-45 minutes, and has a high success rate.
A spokesman for Ineos said in response: "We can't comment on market rumour or speculation".