• News

British billionaire wants to buy Manchester United

Getty Images
Advertisement

The Glazer family is reportedly prepared to sell a minority stake in the Premier League club.

British billionaire Sir Jim Ratcliffe is ‘definitely’ interested in buying Manchester United.

The announcement of the Lancashire-born 69-year-old’s interest in the 20-time English champions follows a report from Bloomberg; which claims the club’s owners, the Glazer family, would consider selling a minority stake.

“If the club is for sale, Jim is definitely a potential buyer,” Ratcliffe’s spokesperson told The Times.

“If something like this was possible, we would be interested in talking with a view to long-term ownership.”

What sports teams does Ratcliffe own?

Ratcliffe is a majority shareholder of chemical group Ineos – which has a partnership with the Mercedes F1 team – and a boyhood United fan. He owns French club OGC Nice, Swiss side Lausanne-Sport, and the Ineos Grenadiers cycling team.

In May, he attempted to buy Manchester United’s Premier League rivals Chelsea for £4.25 billion before a consortium led by Todd Boehly and Clearlake Capital bought out Roman Abramovich.

Ratcliffe, however, has said in the past that he remains a Red Devils fan and hasn’t submitted a bid yet as the club wasn’t for sale.

“This is not about the money that has been spent or not spent,” the spokesperson added. “Jim is looking at what can be done now and, knowing how important the club is to the city, it feels like the time is right for a reset.”

How much is Ratcliffe worth?

According to the Sunday Times Rich List in 2021, Ratcliffe has a personal fortune estimated at around £6.33 billion. He is the second billionaire to be linked with United after American tycoon Elon Musk joked he is buying the club on Twitter on Wednesday.

United fans have held multiple protests against the Glazer family in recent years. They may launch another one in next Monday’s Premier League match against Liverpool at Old Trafford.

Erik ten Hag’s side sit bottom of the league standings after losing both their opening games of the season.

x