Man Utd takeover – Sir Jim Ratcliffe ‘set to bid’ record fee for club

Glazer family considering sale as Cristiano Ronaldo leaves Manchester United

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Manchester United could reportedly be set for a new owner as Jim Ratcliffe is rumoured to be about to bid for the Red Devils after the Glazers put the club up for sale. The Ineos owner is one of Britain’s richest men and already owns OGC Nice, and has been linked with a takeover previously.

The Telegraph claim that Ratcliffe will bid for the club after the Glazers formally put United up for sale, though the report suggests that he is wary of overpaying amid a rumoured £5billio-plus asking price.

Ratcliffe is a fan of United, and previously contacted the Glazers in August ahead of a potential takeover but his interest did not lead to a bid. An offer of over £5bn would be a world-record for a club, and he does have a history of working with broker Raine Group as he was credited with interest in buying Chelsea before Todd Boehly’s firm took charge.

He reportedly was waiting for Chelsea’s asking price to drop, hence his late interest in the London side, but is set to renew interest in Erik ten Hag’s outfit after praising both Joel and Avram Glazer during previous negotiations.

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He spoke about his meeting with the Glazer family to the Financial Times. “I’m a lifelong Manchester United fan,” Ratcliffe said. “I was there in that most remarkable match in 1999 in Barcelona. That is deeply etched in my mind.

“Manchester United is owned by the Glazer family. I have met Joel and Avram. They are the nicest people, I have to say, proper gentlemen. They don’t want to sell it [the club]. It’s owned by the six children of the father. If it had been for sale in the summer, yes we would probably have had a go following on from the Chelsea thing. But we can’t sit around hoping one day Manchester United will become available.”

“So what will happen now? We have a sports franchise. We own a third of Mercedes’ Formula 1 team. Robbed last year. The one thing we don’t have… Football is the most popular sport in the world. We should have a premier club. Nice has got a very interesting history. We’ll have a look at what we might be able to do with Nice.”

United released a statement on Tuesday night, in a busy day for the club after confirming they had agreed to mutually terminate Cristiano Ronaldo’s contract, announcing that the Glazers were seeking new investment either through a partial or full sale of the club.

The club reportedly could fetch up to £9bn, which could put off Ineos due to their rule of a return on investment within three years, but United are rumoured to be the only business venture that would change Ratcliffe’s mind.

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