Sir Jim Ratcliffe is rumored to be mulling a bid for minority ownership in Manchester United.
The club’s present owners, the Glazer family, signaled their desire to enter into talks about selling the 20-time English champions last November.
However, nearly a year later, the Americans remained in command, with neither Ratcliffe nor Sheikh Jassim bin Hamad Al Thani known to have made a comparable offer.
Sheikh Jassim is seeking an immediate 100% takeover, with a bid of roughly £5 billion, while Ratcliffe is seeking a controlling interest that would become permanent after three years.
There is thought to be a schism within the Glazer family regarding the best course of action, which is one of the reasons why the acquisition process has halted.
According to a recent source, Ratcliffe was planning to alter his offer in the hopes of finally reaching a breakthrough.
According to BBC Sport, the owner and founder of the INEOS firm is considering purchasing a minority share in Manchester United.
According to the article, the British billionaire is still determined to acquire long-term control, and he believes that a minority investment at this stage would be the best course of action given the current situation.
Ratcliffe recently stated that failing to purchase the Red Devils was not an option, but it is widely assumed that he is second only behind Sheikh Jassim in the pecking order of bids for the club.
This season, large numbers of Manchester United fans have protested against the club’s owners, while ex-Red Devils captain Gary Neville is one of a number of prominent personalities to speak out against the Glazer family.
Manchester United also has serious on-field troubles, having lost six of their first ten games of the 2023-24 season.
The Red Devils have had their worst start to a league season in 34 years, with four defeats in their first seven games, and they have also been defeated in their first two Champions’ League group-stage matches.
Galatasaray won 3-2 at Old Trafford in the European Cup on Tuesday night, but head coach Erik ten Hag declared afterwards that he is not concerned.