A group owned by one of the richest men in the world has snapped up a stake in fashion giant Boohoo.
Citadel GP LLC is majority owned by billionaire founder and chief executive Ken Griffin who provided funding to the Ricketts family in their bid to buy Chelsea from Roman Abramovich.
The group now has a stake worth more than 5% in Boohoo which makes it one of the largest single shareholders in the Manchester-headquartered company.
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Hedge fund Citadel GP LLC was founded in 1990 by Mr Griffin who has an estimated net worth of £21bn.
He was one of a number of funders behind the attempt to buy the European champions earlier this year.
The American family, who own the Chicago Cubs baseball team, had been in the running to take over the club before a consortium led by Todd Boehly emerged victorious.
Mr Griffin is worth £21.04bn ($27.5bn), according to Forbes, who rank him as the 53rd richest person in the world.
His company is headquartered in Chicago, it has over 1,400 employees and looked after more than $50bn in assets as of May this year.
According to Boohoo's website, co-founder Mahmud Kamani remains the largest single shareholder in the group.
Other major investors include T. Rowe Price Associates, Inc. / T Rowe Price International Ltd, Norges Bank Investment Management and Baillie Gifford & Co.
The deal comes after another US investment group, which also has a major stake in Bolton-headquartered AO, also snapped up shares in Boohoo last month.
Boohoo recently announced it had hired a former boss at Trainline, Asos and Amazon as its new chief financial officer.
However last month the group also posted its first ever drop in UK sales as the fashion giant struggled to keep shoppers spending.
