Ineos has entered the bidding process to buy Manchester United. Sir Jim Ratcliffe, one of Britain’s richest men, has confirmed that he is officially in the running to buy the club from the Glazers.
Parties have to register their interest with the merchant bank running the sale for the Glazer family. Bids are expected from the United States, the Middle East and Asia but Ratcliffe is the first to publicly confirm his interest. “We have formally put ourselves into the process,” a spokesman for the petrochemicals billionaire confirmed on Tuesday.
At this stage, parties have to sign up to see confidential financial documents and commit to undertaking due diligence before a possible takeover. Formal bids are expected to start next month, with the club potentially
