Sir Jim Ratcliffe has officially stepped in to take over Manchester United, which is up for sale.
Manchester United are up for sale with Sir Jim Ratcliffe entering the fray to take over the Red Devils.
The company INEOS, which sponsors both Mercedes and Formula 1, has announced that it wants to buy United, with the Glazers asking for the sum of 5 billion euros.
The Glazers announced their plans to sell United in November, 17 years after taking over at Old Trafford.
Official bidding is set to begin in February, and bids are expected to come from companies based in the US, the Middle East and Asia.
Ratcliffe, who is listed by Forbes as Britain’s richest man, has made his intentions clear early on to buy the Red Devils, investing in one of the biggest teams in the country and the world.
United are not the only English club Ratcliffe has tried to buy, as he also made a late bid for Chelsea last year when they were put up for sale by Roman Abramovich. His bid fell through as Todd Boehly took over the club, paying £2.5bn while also pledging to commit £1.75bn in further investment into the club.
British billionaire Sir Jim Ratcliffe has officially entered the bidding process to buy Manchester United from the Glazer family through his company Ineos, reports @DickinsonTimes pic.twitter.com/IoGNPRlDZR
— B/R Football (@brfootball) January 17, 2023
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With a wealth of experience honed over 4+ years in journalism, I bring a seasoned voice to the world of news. Currently, I work as a freelance writer and editor, always seeking new opportunities to tell compelling stories in the field of world news.
