Sir Jim Ratcliffe’s company, Ineos, has officially entered the race to buy Manchester United from the Glazer family.
“We have formally placed ourselves into the process,” an Ineos representative told the PA news agency (via the Independent).
In an announcement made in November, Manchester United stated that the club may potentially be sold.
TAKEOVER: British Richest Man Bids $4bn To Buy Chelsea
According to the statement, the board was examining strategic alternatives such as fresh investments or a total sale of the club.
The Glazer family’s 18-year ownership of the Red Devils would come to an end with the proposed sale.
They could potentially seek funding rather than selling the Premier League giants outright.
Follow us on Facebook
Post Disclaimer
The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.