LONDON, March 24 — British billionaire Jim Ratcliffe made a revised bid to buy Manchester United on Thursday as Finnish entrepreneur Thomas Zilliacus entered the race to own the...
LONDON, March 24 — British billionaire Jim Ratcliffe made a revised bid to buy Manchester United on Thursday as Finnish entrepreneur Thomas Zilliacus entered the race to own the Premier League giants.
Ratcliffe, the founder of chemicals giant Ineos, and Sheikh Jassim remain the front runners should the American Glazer family, who own United, give up control of the club. “My bid is built on equality with the fans,” Zilliacus, founder and chairman of investment company Mobile FutureWorks, said in a statement.
However, they could yet shun the option of selling a controlling stake in the club, with other parties understood to be interested in a minority shareholding.reported US hedge fund Elliott Investment Management, which sold AC Milan for US$1.3 billion last year, has made a bid for a minority stake. That would make Manchester United — who have not won the Premier League for a decade — the most expensive sports club in history, although it would be short of the £6 billion valuation reportedly placed on the Old Trafford side by the Glazers.Sheikh Jassim is bidding for 100 per cent control, aiming to return the club to its “former glories”.
He visited Old Trafford last week along with INEOS representatives, a day after a delegation from Sheikh Jassim’s group toured the club’s stadium and training ground.
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