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.
