Chemical giant INEOS has confirmed that Sir Jim Ratcliffe has submitted a bid to secure 'majority ownership' of Manchester United.
Potential buyers were asked to submit their offers ahead of Friday evening's 10pm 'soft deadline', as set out by the Raine Group, who are overseeing the sale of United on behalf of the Glazer family. Shortly before the deadline, it was confirmed that Qatari banker Sheikh Jassim bin Hamad Al Thani had submitted an official proposal.
Ratcliffe, who is from Greater Manchester, was also widely reported to have submitted a formal offer, as was expected. He confirmed that he would be entering the bidding process last month.
