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Two parties are in contention to buy Manchester United

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Sky News have reported that Sir Jim Ratcliffe’s firm INEOS has made a formal bid to buy Manchester United.

This follows the recent confirmation by the chairman of Qatar Islamic Bank (QIB) that he had also submitted a bid to buy the club.

Sheikh Jassim Bin Hamad Al Thani, who is overseeing the Qatari bid “confirmed a submission for a bid for 100% of Manchester United Football Club”.

Manchester United are currently owned by The Glazer Family, who also own The Tampa Bucaneers.  The Glazer Family put the club up for sale recently after owning the club for 17 years.

A source described Sir Jim’s bid as a “British bid to make the club a beacon for a modern, progressive, fan-centred approach to ownership.”

Ratcliffe, who is one of Britain’s richest people, is a lifelong Manchester United fan and has made no secret of his interest in owning the club.

Ratcliffe also owns cycling team Ineos Grenadiers, Ligue 1 side Nice, and FC Lausanne-Sport, who are a Swiss Super League club.

The Glazer family set a “soft” deadline of Friday at 10pm for any bids.

Forbes reported that Manchester United’s share price climbed by 10% following news of the bids.

ARTICLE: PAUL MURDOCH

MANAGING EDITOR: LUKE MOCHERMAN

PHOTO CREDIT: SPORTING NEWS

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Paul Murdoch

Paul, 37, is from Scotland in the UK, but currently lives and works in Bangkok. Paul has worked in different industries such as telemarketing, retail, hospitality, farming, insurance, and teaching, where he works now. He teaches at an all-girls High School in Bangkok. “It’s a lot of work, but I love my job.” Paul has an active interest in politics. His reason for writing for FBA is to offer people the facts and allow them to make up their own minds. Whilst he believes opinion columns have their place, it is also important that people can have accurate news with no bias.

Paul, 37, is from Scotland in the UK, but currently lives and works in Bangkok. Paul has worked in different industries such as telemarketing, retail, hospitality, farming, insurance, and teaching, where he works now. He teaches at an all-girls High School in Bangkok. “It’s a lot of work, but I love my job.” Paul has an active interest in politics. His reason for writing for FBA is to offer people the facts and allow them to make up their own minds. Whilst he believes opinion columns have their place, it is also important that people can have accurate news with no bias.

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