The richest man in Britain is in the process of submitting a bid for Manchester United, who were put up for sale by the Glazer family last year.
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In a recent interview, a spokesperson for INEOS chairman Sir Jim Ratcliffe publicly revealed the 70-year-old's intention to put through a formal offer to purchase the Red Devils from the Glazers.
The billionaire has been mentioned among the names eager to complete a takeover of the English giants many times over the past year, with the club's current owners putting United up for sale in November 2021.
Ratcliffe, who is already involved in football after INEOS purchased French club Nice in 2019, has now stepped up his interest, as confirmed by a spokesperson.
"We have formally put ourselves into the process of bidding," they told Times Sport.
The businessman is believed to be worth a staggering £12.5 billion (R262 billion), with United's Glazer family reportedly looking to sell the club for about £5 billion (R104 billion).
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While Ratcliffe is the first party to have officially expressed an interest in buying the 20-time English champions, groups from Qatar, Saudi Arabia, the United States and Asia are also tipped to come in for the club.
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