Sir Jim Ratcliffe is willing to walk away from Manchester United rather than pay "stupid prices" as the takeover process intensifies.
The Glazers put United up for sale in November and want at least £5billion for their shares, which amount to around 69 per cent. It is believed Ratcliffe and rival bidder Sheikh Jassim bin Hamad Al Thani offered between £4bn and £4.5bn in their opening bids.
United chiefs invited INEOS founder Ratcliffe and Qatari banker Sheikh Jassim to Old Trafford last week to discuss the takeover in more detail. It is understood both parties will submit new offers for the club, but Ratcliffe appears to be unwilling to break the bank.
