Sir Jim Ratcliffe said he will not pay a 'stupid price' to buy Manchester United from the Glazer family, having met club chiefs for takeover talks last week.
The INEOS founder and chairman visited Old Trafford and United's training ground on Friday - the day after Sheikh Jassim bin Hamad Al Thani's delegates also spent the day in Manchester for talks.
Ratcliffe and Sheikh Jassim both submitted bids to buy United in February and the process of a possible sale of the club has since moved into its next phase.