• Loading stock data...
Sunday, April 21, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

U.K. Billionaire Has Sights Set on Manchester United Ownership

  • An INEOS spokesperson confirmed INEOS is "formally" in the process to buy at least part of Manchester United.
  • No other groups have publicized their intention to acquire the club.
A view of a Manchester United corner flag during a night match.
MUFC

One of Britain’s richest people could soon make a childhood dream of owning Manchester United a reality. 

Chemicals firm INEOS and its 70-year-old founder Jim Ratcliffe — who has an estimated net worth of $15.5 billion — are officially in the running to buy the Premier League team, an INEOS spokesperson confirmed to several outlets.

“We have formally put ourselves into the process,” they said.

No other groups have announced intentions to acquire the club, though the sale has reportedly attracted groups from the Middle East, Asia, and the U.S.

  • It was reported last week that Manchester United will invite formal takeover bids until mid-February
  • The club is expected to invite bids for total buyouts and minority stakes.

INEOS is also an owner of French side OCG Nice and Swiss club FC Lausanne Sport. There are no issues with acquiring Manchester United if the teams don’t play in the same competition.

The pair also have connections to Formula 1, cycling, sailing, and rugby.

Takeover Time

The Glazers, who announced plans to explore a sale in November following criticism over misguided management, are reportedly looking for an offer of more than $7.2 billion. Forbes last valued Manchester United at $4.6 billion.

It was previously reported that the Raine Group intends to complete a sale in the first financial quarter of 2023.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

A Bare-Knuckle Fighter Won His Pro Debut. The Far Right Scored a Marketing Win

With Proud Boys sponsoring him, experts say extremist groups will use his success to elevate their ideologies and recruit new believers.

No Subscription Totals? Netflix’s Decision Could Impact Sports Plans

The streaming giant says a focus on subscriber totals doesn’t reflect the full state of the company.

Utah Fans Rush for Season Tickets (for a New NHL Team With No Name)

More than 20,000 season-ticket deposits have been made for the newly relocated NHL team.
Jazz owner Ryan Smith

Utah’s Long-Term Hockey Dream Is a Short-Term Logistical Nightmare

Ryan Smith now faces a lengthy to-do list to prepare for the next NHL season.
podcast thumbnail mobile
Front Office Sports Today

Why Ian Rapoport Lives for the NFL Draft’s Chaos

0:00
0:00

Featured Today

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.
Mar 31, 2024; Portland, OR, USA; NCAA officials measure the three point line while coaches from the Texas Longhorns and NC State Wolfpack watch with referees in the finals of the Portland Regional of the NCAA Tournament at the Moda Center center.
April 1, 2024

NCAA Has No One to Blame for Latest Women’s March Madness Transgressions

NCAA is still making avoidable mistakes three years after a complete overhaul.
Nov 16, 2015; Bloomington, IN, USA; General view of the championship banners at Assembly Hall prior to the game between Austin Peay and Indiana.
March 31, 2024

How to Make It in Basketball: Become a Manager at Indiana

Inside the Hoosiers’ unglamorous, profoundly rewarding incubator for basketball’s biggest names.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

Rockies Coach’s Team Plane Cockpit Visit Triggers Federal Investigation

A since-deleted video shows him sitting in the cockpit mid-flight.
April 17, 2024

NBA Postmortem: A Record Salary, Groundbreaking Investment … and What For It?

The Pistons and Wizards made big financial moves last summer.
Alex Rodriguez, Anthony Towns
April 18, 2024

Timberwolves’ Playoff Start Is Clouded by a Messy Ownership Dispute

No one knows who the Timberwolves’ owner will be in the future.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
April 17, 2024

The A’s Have Major League Problems With Minor League-Level Attendance

The team was outdrawn Tuesday by 19 different minor-league teams.
April 17, 2024

Warriors Missing Playoffs Has Big-Money Consequences

The NBA is losing one of its biggest postseason draws.
April 15, 2024

Knicks’ Resurgence Marks Peak in Dolan’s Sports Domain

The team’s on-court success is fueling a series of gains off it.
April 12, 2024

Fever Keeping Plans Quiet (for Now), Unlike Spurs and Blackhawks

The Fever’s business approach differs from recent rookie phenoms in other leagues.