SIR JIM RATCLIFFE is determined to buy Manchester United but there could be a problem with his takeover plans, according to reports.
The billionaire Brit became the first person to register his interest in buying the club in November last year.
And this week he made a big move by recruiting JP Morgan and Goldman Sachs to help with his bid.
But Ratcliffe's efforts could hit a big obstacle which would allow other interested parties to take advantage.
Several groups are believed to be considering bids including individuals from Saudi Arabia and Qatar.
And those wealthy backers could potentially outbid Ratcliffe – who is only prepared to offer £4billion, according to Foot Mercato.
READ MORE ON MAN UTD
Fred reveals THREE rules Erik ten Hag forces Man Utd stars to obey
NFL – William Hill offer: Get Eagles at 30/1 or Chiefs at 35/1 to win Super Bowl
The report claims Raine Group, the company overseeing the sale, are seeking £6bn.
However a more realistic range of £4.1bn-£4.5bn is being estimated.
Speculation has been rampant on who the potential new owners could be, with a deadline of February 17 set for bids to be submitted.
Recent reports have suggested a remarkable bid has been launched by a Qatar-based group, with talks already underway for a £4.5bn takeover.
Most read in Football
Man Utd ace told me he would be a star when he was just 12… he was right
Greenwood speaks with Man Utd manager for the first time since charges dropped
Spurs ‘eye Benfica talent guru’ if Paratici is banned over Juventus scandal
Mbappe wants Real Madrid move again and can leave PSG for FREE in 2024
FREE BETS AND SIGN UP DEALS – BEST NEW CUSTOMER OFFERS
Ratcliffe has experience in seeing a takeover bid rejected after failing in his efforts to buy Chelsea last year.
Raine also oversaw that takeover process but rebuffed Ratcliffe's £4.25bn bid, which means he has some convincing to do.
Source: Read Full Article