Jim Ratcliffe’s Ineos confirms bid to buy Manchester United
British billionaire Jim Ratcliffe’s company Ineos confirmed Saturday it has made a bid to buy Manchester United, pledging to make the Premier League team “the number one club in the world once again”.
Ratcliffe’s Ineos company will compete with Qatari banker Sheikh Jassim Bin Hamad Al Thani, who also submitted a bid on Friday to buy out the Glazer family.
The 70-year-old Ratcliffe is one of Britain’s wealthiest people with an estimated net worth of 12.5 billion pounds ($15 billion) following the success of his global chemical company.
“We can confirm that Sir Jim Ratcliffe and Ineos have submitted a bid for majority ownership of Manchester United Football Club,” the company said in a statement. “We are ambitious and highly competitive and would want to invest in Manchester United to mak...