Sources: Ratcliffe enters Man Utd takeover race

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Sir Jim Ratcliffe has introduced himself as a contender to purchase Manchester United, sources have confirmed to ESPN.

Ratcliffe, head of chemical firm INEOS and Britain’s richest man with a reported value of £9.8 billion, has registered an curiosity to purchase the membership from the Glazer household, who revealed in November they’re “strategic alternatives” together with outdoors funding or a sale.

Stream on ESPN+: LaLiga, Bundesliga, extra (U.S.)

Formal bids are usually not anticipated till February however Ratcliffe is the primary to announce his intention to discover the opportunity of buying the Premier League aspect. A spokesman instructed ESPN on Tuesday: “I can confirm that we have formally put ourselves into the process.”

Ratcliffe is predicted to face competitors from america, the Center East and Asia, though at this stage events are solely signing as much as undertake due diligence earlier than deciding on their subsequent steps.

Ratcliffe, a boyhood United fan who made a proposal to purchase Chelsea final yr, mentioned in October that he had met Joel and Avram Glazer however that they didn’t wish to promote.

“Manchester United was a type of prime three golf equipment with Barcelona and Actual Madrid,” Ratcliffe instructed the Monetary Instances in October.

“A number of extra have joined that membership with Bayern Munich, Paris Saint-Germain and Manchester Metropolis. Liverpool are a bit of bit nearer.

“However Manchester United are usually not taking part in in that league of these different groups in the mean time and have not carried out for fairly some years since Sir Alex Ferguson stepped down [in 2013].

“So they’re not firing on all cylinders, that’s my point on performance.”

The Glazers have owned United since 2005 once they accomplished a leveraged buy-out and have confronted widespread supporter unrest over the past 18 years.

The membership haven’t gained a trophy since 2017 and final gained the Premier League title in 2013, the yr Ferguson retired. Round 10,000 followers joined a protest in opposition to the Glazer Household’s possession forward of the 2-1 win over Liverpool in August.

Sources have instructed ESPN that the Glazer household want to increase a world document charge for a sports activities staff and imagine they’ll entice presents of greater than £6bn ($7.25bn).

Supply hyperlink – espnfc.com

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