Sir Jim Ratcliffe, the British billionaire who remains in the hunt to purchase Manchester United, has revealed his motivation behind pursuing such an expensive deal.
Ratcliffe, Britain’s second richest man and the founder of global chemical giant INEOS, is locked in a battle with Sheikh Jassim bin Hamad Al-Thani’s Nine Two Foundation to become the next owner of United, placed up for sale last year by the Glazer family, the unpopular custodians of the Old Trafford side.
The potential price tag has climbed to around the £6bn mark as both Ratcliffe and Sheikh Jassim seek to make the most compelling offer to the Glazers, with Liverpool owners Fenway Sports Group, who remain on the hunt for outside investment into the Reds, watch on with interest as to just how valuable an asset United is deemed to be. It is something that could impact FSG’s own valuation of Liverpool, understood to be north of £4bn.
