Billionaire Sir Jim Ratcliffe confirms interest in buying Manchester United

Billionaire Sir Jim Ratcliffe confirms interest in buying Manchester United

JAMES SILLARS FROM SKY NEWS

The club was effectively put up for sale by its American owners last November, to the relief of many fans who have long accused the Glazers of failing to invest in success.

Billionaire Sir Jim Ratcliffe has confirmed his interest in buying Manchester United.

The 70-year-old’s chemical firm Ineos announced it had formally lodged interest with the club’s current owners, the Glazer family.

“We have formally put ourselves into the process,” an Ineos spokesperson said.

There have been other expressions of interest, with Saudi and other money from the Middle East understood to be focused on the club.

Mr Ratcliffe, one of Britain’s richest men, has made no secret of the fact he would be interested in buying the Old Trafford club.

He supported United as a boy and is understood to remain a fan.

Manchester United was seen as being put up for sale late last year when the Glazers, who have been at the helm for 17 years, ordered a strategic review.

Their tenure proved controversial with fans from the off because of the level of debt they placed on the club’s books, a burden which many argue has hampered investment in the team, stadium and wider facilities ever since.

Manchester United have struggled to get anywhere near the golden era of Sir Alex Ferguson since he stepped down as manager in 2013.

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