Sir Jim Ratcliffe, Britain’s richest man, has made a formal bid to take control of Manchester United, one day before the extended bidding deadline expired. Ratcliffe and Qatari Sheikh Jassim bin Hamad al-Thani are the leading contenders, with both expected to confirm world record £5bn-plus second bids for the club. However, the Glazer family may still retain ownership after US hedge fund Elliott Management made an offer to take a minority stake that would allow the owners to remain in charge. The drawn-out sales process has led to fears that it may not happen at all.
Sir Jim Ratcliffe Confirms New Bid for Man Utd Amid Deadline Chaos, Finnish Magnate Joins Fray
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