Sir Jim Ratcliffe will reportedly bid to buy Manchester United after the Glazer formally put the club up for sale.
That’s according to the Independent, who are reporting that Ratcliffe, a Manchester United fan, is ready to launch a bid to buy the Old Trafford club - although he is keen not to pay over the odds. The Glazer family will reportedly seek buyers prepared to pay between £6billion and £8billion.
On the day that the club cancelled Cristiano Ronaldo’s contract, the Glazers released a statement saying that they were trying to find new investment, either to acquire a share of the club, or buy it outright, which would end their 17-year ownership.
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It was also confirmed that United have appointed the Raine Group, an American bank that found a buyer for Chelsea this year, to be United’s advisers and another bank, Rothschild and Co, who will advise the Glazer family.
The move came just over a week after Fenway Sports Group, the American owner of Liverpool, announced it was inviting investment. The American group, led by principal owner John W. Henry, has also recruited major banks Goldman Sachs and Morgan Stanley to assess market conditions.
And in the days that followed FSG’s announcement, Ratcliffe ruled himself out of attempting to purchase the Anfield club. A spokesperson for the Ineos chief told the Daily Telegraph : "Our position has developed since the summer and we are now focusing our efforts in Nice and raising our ambitions for the club to make them into a top-tier club in France to compete with PSG.
"This would represent much better value for our investment than buying one of the top-tier Premier League clubs."
Speaking last week, Sam Kennedy of FSG revealed that Liverpool’s owners have received numerous expressions of interest from parties seeking to invest in the club.
He said: “There has been a lot of interest from numerous potential partners considering investment into the club.
“It is early days in terms of exploring possibilities for possible investment into Liverpool. Great companies grow by adding value to their business.
“One way to increase that value from time to time is to sell assets or add investors. Does that mean FSG is going to sell Liverpool? I do not know.
“It’s John Henry’s, Tom Werner’s and Mike Gordon’s job to responsibly run Fenway Sports Group and they felt this was an ideal time to explore possible opportunities for investment into the club.”
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