Sir Jim Ratcliffe reportedly turned down the chance to make a bid for Liverpool because he is a Manchester United supporter.
It emerged earlier this month that Fenway Sports Group had instructed bankers to sound out what potential buyers would pay for the club as it seeks fresh investment. The US banks Goldman Sachs and Morgan Stanley are assisting with the process.
And in the days that followed FSG’s announcement, Ratcliffe ruled himself out of attempting to purchase the Anfield club. A spokesperson for the Ineos chief told the Daily Telegraph : "Our position has developed since the summer and we are now focusing our efforts in Nice and raising our ambitions for the club to make them into a top-tier club in France to compete with PSG. This would represent much better value for our investment than buying one of the top-tier Premier League clubs."
