INEOS confirms entering bidding process to buy Man United

Wed, 18 Jan 2023 0:10:19 WAT

Jim Ratcliffe’s company INEOS has formally entered the bidding process to buy Premier League soccer club Manchester United, a spokesperson for the chemical firm said on Tuesday.

The Glazer family, United’s US owners, said in November they had begun looking at options for the 20-times English champions, including new investment or a potential sale, 17 years after they bought the Old Trafford club.

In August, British billionaire Ratcliffe, a long-time fan of the club, expressed interest in buying United, Reuters reported.

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“I can confirm that we have formally put ourselves into the process,” an INEOS spokesperson said in a statement on Tuesday.

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