Sir Jim Ratcliffe Plans to Submit Revised Offer to Buy Manchester United
Sir Jim Ratcliffe, the British billionaire and founder of Ineos chemicals firm, is reportedly planning to submit a reworked offer to buy Manchester United. This comes as Ratcliffe competes against a group of Qatari investors led by Sheikh Jassim bin Hamad al-Thani to acquire a majority stake in the club from the Glazer family.
The Glazers had initially put Manchester United up for sale last November. However, recent reports suggest that the club has been taken off the market as no buyer is willing to meet the £10 billion valuation. Despite this setback, Ratcliffe has not given up hope and is now restructuring his offer in an attempt to revive his takeover hopes.
According to Bloomberg, Ratcliffe is working to address concerns about the terms of his bid from minority investors. In 2019, Ratcliffe purchased Ligue 1 side Nice, demonstrating his interest and involvement in the world of football.
Speaking about his move to buy Manchester United in July, Ratcliffe stated, “There’s still a process, we are in the process. But at the end of the day, it’s their decision. We’d still very much like to do it and we’d do it for the right reasons.” This shows Ratcliffe’s determination and commitment to acquiring the club.
On the other hand, Sheikh Jassim has made several revised offers to buy Manchester United, but none of them have exceeded £6 billion. The Glazers are holding out for a £10 billion offer and are willing to wait until the market improves, which would increase United’s valuation.
The ongoing ownership dispute has led to continued protests from Manchester United fans against the Glazer family. The fans are expressing their dissatisfaction with the current ownership and are calling for change.
It remains to be seen how Ratcliffe’s revised offer will be received by the Glazers and whether it will be enough to secure the acquisition of Manchester United. The outcome of this battle for ownership will have significant implications for the future direction of the club.
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In conclusion, Sir Jim Ratcliffe is determined to buy Manchester United and is planning to submit a reworked offer. Despite the Glazers’ high valuation and competition from Qatari investors, Ratcliffe is not giving up hope. The ongoing ownership dispute and protests from fans highlight the desire for change within the club. The outcome of this battle for ownership will shape the future of Manchester United.