WorldJim Ratcliffe: British billionaire is interested in buying Manchester United

Jim Ratcliffe: British billionaire is interested in buying Manchester United

In an e mail to CNN Sport, a spokesman for Ratcliffe confirmed his curiosity within the famend Premier League membership, saying: “We’re merely confirming curiosity within the membership whether it is on the market.”

In response to Forbes, Manchester United is value $4.6 billion. Managed by the Glazer household, which additionally owns the NFL’s Tampa Bay Buccaneers, Manchester United is without doubt one of the largest soccer golf equipment on this planet, nevertheless it hasn’t received the English Premier League since 2013.

Ratcliffe’s curiosity comes after a Bloomberg report, citing unidentified sources, that the Glazer household is open to promoting a minority stake within the Premier League membership to a US funding agency.

Rumors that the membership was on the market emerged on Tuesday after Elon Musk tweeted he was buying the club earlier than later clarifying that his assertion was a part of a long-running joke and he wasn’t shopping for any sports activities group.

CNN has reached out the Glazer household and Manchester United and has not acquired affirmation that the membership is on the market.

Ratcliffe is a majority shareholder of chemical group INEOS which owns French facet Good, Swiss membership Lausanne-Sport, the Ineos Grenadiers biking group and has a partnership with the Mercedes F1 group.

In Might, Ratcliffe made a last-minute bid to purchase Chelsea FC earlier than dropping out to the Todd Boehly consortium.

The Manchester United Supporters Belief has launched an announcement addressing the rumors a couple of potential change of possession saying, “Hypothesis is mounting a couple of potential change of possession or new buyers on the Manchester United.

“Whereas supporters have known as for a change, after all this needs to be proper change. Any potential proprietor or investor needs to be dedicated to the tradition, ethos and the most effective traditions of the membership.

“They need to be prepared to take a position to revive United to former glories, and that funding have to be actual new cash spent on the enjoying facet and the stadium.”

Manchester United have struggled for type because the departure of legendary supervisor Sir Alex Ferguson in 2013 and presently sits on the backside of the Premier League having misplaced each of its matches within the present season.

CNN’s Diksha Madhok contributed reporting.

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