Sir Jim Ratcliffe has ‘SUBMITTED an official bid’ to buy Manchester United, as Britain’s richest man – and boyhood fan of the club – becomes one of two confirmed contenders to take over after Sheikh Jassim Bin Hamad Al Thani’s proposal
- INEOS group led by Sir Jim Ratcliffe has made an official bid for Man United
- Ratcliffe’s bid is one of two confirmed bids for the club to have come out
- Qatari investors announced earlier today that they had also made an official bid
Sir Jim Ratcliffe’s INEOS group have reportedly submitted an official bid to purchase Manchester United from the Glazer family.
The 70-year-old is Britain’s richest man and had reportedly hired Wall Street giants JPMorgan and Goldman Sachs to advise him on his bid.
And according to the Athletic, Ratcliffe has now made an official bid to buy the club, with hopes, per sources close to the British billionaire, that he can ‘put the Manchester back in Manchester United’ if his bid is successfu.
The chemicals magnate, who is reportedly worth around £13.3bn, was also in the running to buy Chelsea last year. There he tabled a last-minute £4.25bn offer to purchase the London Club in May and is also a season ticket holder at the club.
He was one of the first bidders to announce that he had started the process to buy the football club.
Sir Jim Ratcliffe’s INEOS group have submitted an bid to purchase Manchester United
Ratcliffe is the second confirmed bidder today after Sheikh Jassim Bin Hamad Al Thani was the first to confirm his submission to bid for ‘100 per cent’ of Manchester United Football Club
The Glazer family are looking for between £6bn and £7bn for the club with bids expected to be around £4bn
Ratcliffe bought French club Nice for £91m in 2019, two years after purchasing Swiss team FC Lausanne-Sport.
Ratcliffe told the Financial times :’I’m a lifelong Manchester United fan. I was there in that most remarkable match in 1999 in Barcelona. That is deeply etched in my mind.
Sir Jim Ratcliffe’s INEOS group have submitted an bid to purchase Manchester United
‘Manchester United is owned by the Glazer family. I have met Joel and Avram. They are the nicest people, I have to say, proper gentlemen.
‘They don’t want to sell it (the club). It’s owned by the six children of the father. If it had been for sale in the summer, yes we would probably have had a go following on from the Chelsea thing. But we can’t sit around hoping one day Manchester United will become available.’
More to follow…
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