Manchester United has acquired a bid from Jim Ratcliffe’s firm INEOS for the Premier League soccer membership, the chemical agency confirmed in an announcement on Saturday.
The Glazer household, United’s American house owners, mentioned in November they’d begun taking a look at choices for the document 20-time English champions, together with new funding or a possible sale, 17 years after they purchased the Old Trafford membership.
INEOS formally entered the bidding course of to purchase United earlier this yr.
“We would see our role as the long-term custodians of Manchester United on behalf of the fans and the wider community. We are ambitious and highly competitive and would want to invest in Manchester United to make them the number one club in the world once again,” INEOS mentioned.
Ratcliffe has beforehand brazenly expressed his curiosity in shopping for the Old Trafford membership.
The preliminary deadline for bids expired on Friday. Sheikh Jassim Bin Hamad Al Thani, a son of Qatar’s former prime minister, additionally confirmed a bid on Friday.
