On June 4th, 2020, billionaire businessman Jim Ratcliffe submitted a second bid to purchase Manchester United Football Club. Ratcliffe, the founder and chairman of the petrochemical company Ineos, had previously submitted a bid to purchase the club in April of this year.
Manchester United is one of the most successful and iconic football clubs in the world, and has been owned by the Glazer family since 2005. The Glazers have been the subject of much criticism from fans over the years, and there has been a growing movement to have them removed as owners. This has led to Ratcliffe’s interest in purchasing the club, with his first bid being rejected by the Glazers.
Ratcliffe’s second bid is reportedly worth around £3 billion, which is significantly higher than his first offer. It is believed that Ratcliffe is willing to pay a premium for the club in order to ensure that he is successful in his bid. The Glazers are yet to comment on the latest offer, but it is thought that they are likely to accept it due to the increased financial pressure they are under.
If Ratcliffe’s bid is successful, it would mark a major shift in the ownership of Manchester United. Ratcliffe is a passionate football fan and has previously expressed his desire to invest in the sport. He has also stated that he would be willing to invest heavily in the club in order to make them competitive again.
The future of Manchester United remains uncertain, but it appears that Jim Ratcliffe is determined to make his second bid a success. It remains to be seen whether or not the Glazers will accept his offer, but if they do, it could mark a new era for one of the most famous football clubs in the world.
