We have officially entered the process of buying Manchester United,” said a spokesman for INEOS, an international chemical group run by Sir Jim Ratcliffe, quoted by The Times. The Glazer family wants at least £5bn for the Old Trafford club. The analysis of offers for Manchester United will take place in February this year.
Jim Ratcliffe
Ratcliffe, 67, is worth $22.5 billion. He is a major shareholder in Ineos, a London-based chemical company that he has helped build since the 1990s. Ineos is one of the largest chemical companies in the world with annual revenues of around $83 billion. He is one of the people who want to buy Manchester United and the most likely to buy it.
Middle Eastern investors
The owners of Man Utd are looking for investors in the Middle East. The owner of the Manchester united meth investors from Saudi Arabia and the nature of the talks between Glazer and the various investment groups he met in Doha is not clear. Glazer has other business interests in the region and some people in the financial world are skeptical that the Gulf country would be interested in buying the club at such high prices. But Glazer has used his visit to the Middle East to talk to potential investors as he looks to sell the Premier League club.
Red Knights
Back in 2010 there was an idea that Red Knights could buy Manchester United maybe now it is another time to buy them? This is no longer just wishful thinking from Red Devils fans, but also real action. A group called the Red Knights, centered around Keith Harris, a millionaire and financier, the head of the London-based investment bank Seymour Pierce, intends to raise funds that will allow him to buy out one of the most popular clubs in the world.
