Jim Ratcliffe’s INEOS enters bidding process for Manchester United – The Times



CNN

British billionaire Jim Ratcliffe’s company Ineos has officially entered the bidding process to buy English football club Manchester United, according to The Times newspaper on Wednesday.

It comes after the Glazer family, United’s owners, announced that they are exploring new investment or a potential sale of the Premier League team in November 2022.

“I can confirm that we have formally placed ourselves in the process,” the spokesperson said, without adding details.

Ratcliffe is the majority shareholder in chemical group INEOS which owns French club Nice, Swiss club Lausanne Sport and the Ineos Grenadiers cycling team and has a partnership with the Mercedes F1 team.

Ratcliffe had previously expressed interest in buying the Red Devils in the summer.

In an email to CNN Sport in August, a spokesperson for Ratcliffe confirmed interest in the iconic Premier League club, saying, “We simply confirm interest in the club if it is for sale.”

According to Forbes, Manchester United has a net worth of $4.6 billion.

Controlled by the Glazer family, who also own the NFL’s Tampa Bay Buccaneers, United are one of the biggest soccer clubs in the world, but haven’t won the Premier League since 2013.

In May, Ratcliffe made a last-minute bid for Chelsea FC before losing out to Todd Bohle’s consortium.

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