British Billionaire Sir Jim Ratcliffe has been the first person to publicly declare his interest in buying English giants Manchester United.
A statement released by Ratcliffe said: “We have formally put ourselves into the process.”
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The 70-year-old is the CEO of pharmaceutical company INEOS and has been linked with taking over Chelsea in the past. The Times has confirmed that INEOS has formally entered the bidding process with all interested parties having to register their interest with the club before putting an official bid in.
The reports indicate that formal bids are expected to start next month with new ownership likely to be in place by the end of the season; this coming after the current owners, the Glazers, confirmed last November that they were “commencing a process to explore strategic alternative” which included “new investment into the club, a sale, or other transactions involving the company.”
The Glazers have owned the 20-times Premier League champions since 2005 but have been under pressure from a section of the club fans who have questioned their investment in the club.
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