Britain’s richest man, Sir Jim Ratcliffe, has confirmed that he has begun the process of sealing a takeover for Manchester United.
The Red Devils have been up for sale since November, when owners the Glazer family confirmed their intention to relinquish control. Any interested parties must first register their interest with The Raine Group, the American bank facilitating a potential sale, before confidential financial documents are exchanged and due diligence is undertaken.
INEOS chairman Ratcliffe has become the first party to made a move, confirming his intentions to complete a deal. "We have formally put ourselves into the process," a spokesman for Ratcliffe confirmed to The Times.
