First official offer for United shares, the name is well known

The billionaire Jim Ratcliffe, owner of the INEOS company, has officially announced his intention to buy Manchester United, the newspaper “Times” reported, quoted by the agency “Reuters”.

The Glazer family, the football club’s American owners, announced last November that they were looking at other options for the 20-time English champions, including a new investor or a potential sale.

“We are officially stating that we are entering the process,” an INEOS spokesman told The Times, without elaborating.

Ratcliffe is a well-known name and already tried to buy a Premier League club in the summer after making a bid for Chelsea when Roman Abramovich had to sell the club due to international sanctions. However, it lost the battle to an American consortium led by Todd Boely, who paid £2.5 billion and pledged £1.75 billion in investment in the London giant.

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Manchester United fans have been clamoring for a change of ownership and the Glazer family have come under fire since the team last won a trophy in 2017.

The team is fourth in the Premier League provisional standings with 38 points after 18 rounds, 1 point behind Manchester City but 9 behind leaders Arsenal. Official bidding for the club begins in February, with bids from the US also expected.

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