Sir Jim Ratcliffe ‘to make world record Man Utd bid over £5bn’ as Ineos boss looks to pip Qataris ahead of deadline
SIR Jim Ratcliffe is planning to offer more than £5bn for Manchester United, according to reports.
The British billionaire is competing against Qatari Sheikh Jassim bin Hamad al-Thani for the club after the Glazers put United up for sale.
PASir Jim Ratcliffe is a Man United fan and is keen on taking over the club[/caption]
Both parties are due to submit proposals to the club by 9pm tonight, when the deadline is in place.
And Ratcliffe is expected to up the ante by putting forward an increased bid, the Financial Times reports.
The Ineos boss is reportedly planning to offer more than £5bn including debt for United, one of football’s biggest brands.
That would be a world record price ever recorded for a sports team.
It is not clear at this point what the value of Sheikh Jassim’s bid will be when the deadline rolls round.
But him and his group of Qatar investors are still interested and were locked in talks that went on for 10 hours when they toured Carrington earlier this month.
A day later Ratcliffe also visited the club and even spoke to United boss Erik ten Hag following the side’s win away at Real Betis.
While Ineos are reported to want to buy the Glazer shareholding of around 69 per cent, the Qataris are believed to want to buy 100 per cent of the club.
The Glazers – who have have banking firm the Raine Group overseeing the sale – value the club at £6bn.
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