British billionaire Ratcliffe enters formal process to buy Man Utd

0
107
British billionaire Ratcliffe enters formal process to buy Man Utd

The company owned by British billionaire Sir Jim Ratcliffe, Ineos, has formally entered the bidding for Manchester United.

United’s owners the Glazer family indicated in November that they were considering selling the club as they “explore strategic alternatives”.

An Ineos representative “We have formally put ourselves into the process.”

When Chelsea’s former owner Roman Abramovich decided to sell the London club last year, Ratcliffe made an unsuccessful £4.25 billion offer to purchase the team.

Ratcliffe, who is one of the wealthiest people in the UK and was a lifelong United supporter, was born the joiner’s son in Failsworth, Greater Manchester.

The Old Trafford team has improved under manager Erik ten Hag since he took over in the summer, and they are currently fourth in the Premier League.

They beat local rivals Manchester City 2-1 on Saturday and are nine points off leaders Arsenal.