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British billionaire Sir Jim Ratcliffe has made it clear he wants to own Manchester United.
When the Glazers announced that they were ready to sell and finally let go of the biggest and most successful football club in England, the richest people and corporations in the world showed interest.
It was recently reported that Dubai is leading the race to take over the Red Devils outright.
It has also been reported that other countries will have to match the amount Dubai is willing to pay for United.
Another report points to this Ratcliffe was preparing to make a formal offer to fully acquire United and took the first step towards doing so.
The Times reports: “Ineos has entered the bidding process to buy Manchester United. Sir Jim Ratcliffe has confirmed that he is officially bidding to buy the club from the Glazers.”
“Offers are expected from the US, the Middle East and Asia, but Jim Ratcliffe was the first to publicly confirm his interest in United through a representative.”
A spokesman for billionaire Ineos said: “We have officially joined the process [of bidding for Manchester United].
The times adds that more apps are likely to come from other parts of the world, including the US, Asia and the Middle East.
Currently, interested parties will have to sign confidential documents to begin the bidding process, which has been dubbed the sale of the century.
Stakeholders also undertake to exercise due diligence prior to any takeover.
The process is expected to be in full swing from next month as potential buyers look to outdo each other.
British billionaire Sir Jim Ratcliffe has made it clear he wants to own Manchester United.
When the Glazers announced that they were ready to sell and finally let go of the biggest and most successful football club in England, the richest people and corporations in the world showed interest.
It was recently reported that Dubai is leading the race to take over the Red Devils outright.
It has also been reported that other countries will have to match the amount Dubai is willing to pay for United.
Another report points to this Ratcliffe was preparing to make a formal offer to fully acquire United and took the first step towards doing so.
The Times reports: “Ineos has entered the bidding process to buy Manchester United. Sir Jim Ratcliffe has confirmed that he is officially bidding to buy the club from the Glazers.”
“Offers are expected from the US, the Middle East and Asia, but Jim Ratcliffe was the first to publicly confirm his interest in United through a representative.”
A spokesman for billionaire Ineos said: “We have officially joined the process [of bidding for Manchester United].
The times adds that more apps are likely to come from other parts of the world, including the US, Asia and the Middle East.
Currently, interested parties will have to sign confidential documents to begin the bidding process, which has been dubbed the sale of the century.
Stakeholders also undertake to exercise due diligence prior to any takeover.
The process is expected to be in full swing from next month as potential buyers look to outdo each other.
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