Sir Jim Ratcliffe "Formally" Interested In Buying Man United After Failing With Chelsea Takeover Bid
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Ineos, the firm owned by British billionaire Sir Jim Ratcliffe, has confirmed its interest in buying Manchester United.
Ratcliffe first emerged as a possible candidate to buy the club in August when one of his spokespeople told The Times: "If the club is for sale, Jim is definitely a potential buyer.
"If something like this was possible, we would be interested in talking with a view to long-term ownership."
Three months later, the Glazer family issued a statement to declare that they were "commencing a process to explore strategic alternatives for the club."
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The Glazers have owned United since acquiring the club for $1.34 billion in 2005.
It is understood that they expect to make a significant profit when they sell.
Ratcliffe is currently worth $15.6b, according to Forbes.
This week, a statement from Ineos said that Ratcliffe's company had "formally put ourselves into the process" to buy United.
Ratcliffe is a boyhood United fan, having been born in Failsworth in Greater Manchester.
But he tried to buy Chelsea last year. That takeover bid failed as a consortium led by Todd Boehly eventually bought Chelsea from Roman Abramovich.