The $8.9bn takeover plot that could finally end Manchester United misery

British billionaire Jim Ratcliffe’s Ineos company officially joined the race to buy Manchester United, while US investor Sixth Street are also reportedly ready to invest in the club.

United’s owners, the Glazer family, said they were willing to listen to offers for the Premier League club in November and Ratcliffe is keen to strike a deal.

Boyhood United fan Ratcliffe  soccer kits for sale, who made an unsuccessful $AUD7.5 billion bid to buy Chelsea last year, has long been linked with the Old Trafford outfit.

“I can confirm that we have formally put ourselves into the process,” an Ineos spokesman told AFP.

After failing with his Chelsea takeover when Roman Abramovich sold the Blues to American tycoon Todd Boehly and his consortium, Ratcliffe is back in the hunt for a Premier League giant.

United have yet to comment on the news of the 70-year-old’s interest in taking over from the United States-based Glazers.

But, born in Failsworth, Greater Manchester, Ratcliffe is one of Britain’s richest men and might be more palatable to the United support than the Glazers, who have experienced numerous fan protests during their troubled reign.

As for American investment firm Sixth Street, The Telegraph reports they have accepted an invitation to assess the inner details of United’s recent financial performance, with several other interested parties also making similar enquiries cheap soccer jerseys .

However, the report also claims Sixth Street would only be making an investment in the club and are not willing to commit to a full takeover of the Red Devils.

It wouldn’t be Sixth Street’s first foray into working with football clubs, having previously been involved in major refinancing projects with Spanish giants Real Madrid and Barcelona.

The Glazers, who completed a leveraged takeover of the club in 2005, have proved deeply unpopular with supporters due to the team’s declining fortunes on the pitch in recent years.

Their purchase of United also saddled the club with huge debts and they have long been accused of taking more out financially than they have invested in terms of transfer funds.

 

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The Glazers further angered United fans by backing the failed European Super League project in April 2021 which would have led to the club joining a breakaway competition.

United legend Gary Neville called for the Glazers sell late last year.

“They haven’t got the money to be able to do what Manchester United need,” he said in October.

“United cannot continue to have a stadium like they have, when the rest of the stadiums in Europe and in the Premier League are improving on the scale that they are

“It would just be absolute negligence to not get that stadium up to the level it needs jersey store. That is half a billion on a refurb, a billion plus on a new stadium. Then you’ve got the training ground investment.”

A statement from United in November said the board will “consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the company”.

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