Dear Jim Ratcliffe and her ineos petrochemical giant confirms bids for “majority ownership” Manchester United.
Ratcliffe, who grew up on a Manchester city estate that supports the club, is one of the richest people in England with an estimated net worth of £12.5 billion. The 70-year-old had already expressed his desire to buy United, even as the soft deadline 10 pm on Friday passed without official comment from the camp.
But a statement from Ineos Group on Saturday morning confirmed the offer and pledged to make Manchester United “the number one club in the world”.
“We would see our role as the long-term protectors of Manchester United on behalf of the fans and the wider community,” Ineos said. “We are ambitious and extremely competitive and we want to invest in making Manchester United the number one club in the world once again … we want to make the club a beacon for a modern, progressive, fan-centered approach to ownership.”
Ratcliffe is also the owner of cycling team Ineos Grenadiers, Ligue 1 side Nice, Swiss club Lausanne-Sport, and a one-third shareholder of the Mercedes Formula 1 team.
Competing for United TrainBased on the proposal approved on Friday.
Sheikh Jassim Bin Hamad Al Thani made a statement Saying that he plans to buy the entire Old Trafford club and return the Red Devils “to their former glory both on and off the field.”
Thani, president of Qatar Islamic Bank, said in a press release on his behalf that he is also a lifelong Manchester United fan.
He says the acquisition will not impose any debt on the club and the aim will be to invest in both men’s and women’s teams “with a particular focus on youth development”, as well as “significantly” improving the club’s stadium.
The statement read: “Sheikh Jassim Bin Hamad Al Thani confirmed today that he has made an offer for 100 percent of Manchester United Football Club. The proposal plans to restore the Club to its former glory, both on and off the pitch, and will – above all – seek to place the fans in the heart of Manchester United Football Club once again.
“The proposal will be completely debt-free through Sheikh Jassim’s Nine Two Foundation, which seeks to invest in football teams, the training centre, the stadium and wider infrastructure, the fan experience and the communities the Club supports. The vision of the proposal is that Manchester United Football Club is recognized for its excellence in football and is recognized as the largest football club in the world. Further bidding details will be disclosed as appropriate and as the bidding process evolves.”
After a strategic review, the Glazer family effectively opened the club to offers in November, raising hopes among fans that their reign was about to come to an end. Currently, there is no confirmation on the amount of the offer with commercial bankers Raine. waiting to be called in excess of £5bn for current owners.
It has been suggested that a third offer may come from Saudi Arabia, but that does not seem to be the case.
Manchester United LGBTQ+ fan group Rainbow Devils “deep concern” mentioned earlier Especially about potential parties interested in buying the club, after issues during the last World Cup when Fifa reassured match-goers that this wouldn’t happen and rainbow colored items were removed from fans.
“Rainbow Devils believes that any bidder looking to buy Manchester United should commit to making football a sport for everyone, including LGBTQ+ supporters, players and staff,” the group said in a Twitter post.
“Therefore, we are deeply concerned about some of the proposals that are being made. With this awareness, we closely monitor the process we are in.”