CNN
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British billionaire Jim Ratcliffe’s company INEOS has formally entered the bidding process to buy Premier League soccer club Manchester United, according to The Times on Wednesday.
This comes after United’s owners, the Glazer family, announced they were exploring new investment or the potential sale of the English Premier League side in November 2022.
“I can confirm that we have formally put ourselves into the process,” the spokesperson said without adding details.
Ratcliffe is a majority shareholder of chemical group INEOS which owns French side Nice, Swiss club Lausanne-Sport, the Ineos Grenadiers cycling team and has a partnership with the Mercedes F1 team.
Ratcliffe had previously expressed interest in buying the Red Devils in the summer.
In an email to CNN Sport in August, a spokesman for Ratcliffe confirmed his interest in the…
The post Jim Ratcliffe’s INEOS enters bidding course of to purchase Manchester United — The Occasions stories appeared first on CaymanMama.com.
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