BREAKING: Sir Jim Ratcliffe has confirmed he has begun the bidding process to buy Manchester United.
Great Britain’s richest man, chairman and CEO of chemicals company INEOS, becomes the first party to publicly declare their interest in purchasing the club after the Glazer family put it up for sale in November.The newspaper reports further bids from the United States, the Middle East and Asia are expected to follow. All parties must register their interest with The Raine Group – the American bank the Glazers have appointed to oversee the sale.
The Glazers are said to be ready to part company with United as long as the sale represents the biggest ever for a sports club and want at least £5.8billion. Ratcliffe however is keen to complete the purchase of the club he has supported for a number of years. The 70-year-old currently owns owns French club Nice and attempted to buy Chelsea after the club were put up for sale earlier this year. eventually losing out to Todd Boehly and his consortium.
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