Sir Jim Ratcliffe and INEOS have made clear their plans for Manchester United should they become the club's new majority owners after submitting a bid.
A statement released on Saturday confirmed that their interest has been formalised into an offer to become the majority owners of United and thus have a controlling stake in the club. In it, they also describe themselves as "ambitious and highly competitive".
This public announcement came a day after the chair of Qatar Islamic Bank (QIB) Sheikh Jassim bin Hamad Al Thani confirmed that they had submitted a bid to purchase the entirety of the club. American hedge fund Elliott have also reportedly entered the race, but are apparently not proposing a full takeover of the club.
