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Daily Mirror
Daily Mirror
Sport
Tom Blow

Man Utd takeover: Sir Jim Ratcliffe's bid hides crucial detail that gives Qatar edge

Jim Ratcliffe Jassim Bin Hamad Al Thani Qatar Ineos Glazers Manchester United EPL

Sir Jim Ratcliffe and INEOS have NOT promised to wipe Manchester United's existing debt, which may concern some supporters.

United have been put up for sale by owners the Glazers and received two confirmed bids ahead of last Friday's 'soft' deadline. One is from British billionaire and INEOS founder Ratcliffe, while the other is from Qatari banker Sheikh Jassim bin Hamad Al Thani.

As reported by Mirror Football, the Glazers are planning to leave behind £500million of debt at Old Trafford if they go through with the sale. Sheikh Jassim confirmed his bid is "completely debt free" in his official statement - but Ratcliffe did not follow suit.

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