British billionaire Jim Ratcliffe has lined up banks including Goldman Sachs Group Inc. to provide debt financing for a bid to buy Manchester United FC, a person familiar with the matter said.Â
The banks are prepared to back a takeover offer with bonds and loans, according to the person, who asked not to be identified discussing confidential information. If a bid is made, the banks will cover the value of Manchester United’s existing debt—which stands at roughly $800 million—and potentially go much higher, they said.
