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Sir Jim Ratcliffe makes takeover ‘offer’ after confirming Liverpool’s decision

Ineos Chairman Sir Jim Ratcliffe (Photo: TOLGA AKMEN/AFP via Getty Images)

Sir Jim Ratcliffe is said to be making a bid for Manchester United after the Glazers officially put the club up for sale.

That’s according to The Independent, which reports that Manchester United fan Ratcliffe is ready to launch a bid for the Old Trafford club – although he’s careful not to pay off the odds. The Glazer family will reportedly be looking for buyers willing to pay between £6 billion and £8 billion.

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On the day the club canceled Cristiano Ronaldo’s contract, the Glazers released a statement saying they were trying to find a new investment, either to acquire a stake in the club, or to buy it outright, which would end their 17-year ownership.

It has also been confirmed that United have appointed the Raine Group, a US bank that found a buyer for Chelsea this year, to be United’s advisers and another bank, Rothschild and Co, which will advise the Glazer family.

The move came just over a week after Fenway Sports Group, the American owner of Liverpool, announced its investment call. The US group, led by principal owner John W. Henry, also enlisted major banks Goldman Sachs and Morgan Stanley to assess market conditions.

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And in the days since the FSG announcement, Ratcliffe has ruled himself out of bidding for the Anfield club. A spokesperson for the Ineos chairman told the Daily Telegraph: “Our position has evolved since the summer and we are now concentrating our efforts in Nice and raising our ambitions for the club to make it a first-class club in France to compete with Paris Saint-Germain.”

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Read the full story here.

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