British billionaire Jim Ratcliffe’s firm Ineos confirmed on Saturday it has made a bid to purchase Manchester United, pledging to make the Premier League workforce “the number one club in the world once again”.
Ratcliffe’s Ineos firm will compete with Qatari banker Sheikh Jassim bin Hamad Al Thani, who additionally submitted a bid on Friday to purchase the Glazer household.
Ratcliffe, 70, is certainly one of Britain’s richest males with an estimated fortune of 12.5 billion kilos ($15 billion) following the success of his international chemical firm.
“We can confirm that Sir Jim Ratcliffe and Ineos have submitted a bid for a majority stake in Manchester United Football Club,” the corporate stated in an announcement. “We are ambitious and highly competitive and want to invest in Manchester United to make them the number one club in the world once again.” With the Qatari bid resulting in the Saudi takeover of Newcastle final 12 months, Ineos has additionally appeared to place itself as a substitute for overseas possession. Defending league champions Manchester City – United’s crosstown rival – have been owned by Abu Dhabi since 2008. Sheikh Jassim’s bid has harassed that solely personal funds are getting used, in distinction to the Qatari state-backed possession of Paris Saint-Germain.
“We also believe that football governance in this country is at a crossroads,” stated Inios. “We need to assist lead this subsequent chapter, deepening the tradition of English soccer by making the membership a beacon for a contemporary, progressive, fan-centred strategy to possession. We need Manchester United to proceed their Proud historical past and roots within the north-west of England, carry Manchester United again to Manchester and clearly give attention to profitable the Champions League.
Ratcliffe introduced his intention to bid final month. It was a change of technique from final 12 months when he made a final minute bid for Chelsea however was not thought-about as he missed the deadline.
Ratcliffe, who already owns French membership Nice, stated final 12 months that he was not considering one other bid for a Premier League membership after lacking out on Chelsea and receiving little encouragement from the Glazers for United. But he will probably be a well-liked alternative amongst followers due to his long-standing assist of the membership.
With inputs from TheIndianEXPRESS
