Search ARN News Centre

Ratcliffe's INEOS confirms bid for Manchester United

Saturday, 18 February 2023 17:15

By REUTERS

FILE: British INEOS Group chairman and OGC Nice's owner Jim Ratcliffe looks on before the French Cup final football match between OGC Nice and FC Nantes in Saint-Denis on May 7, 2022. (BERTRAND GUAY / AFP)

Manchester United have received a bid from Jim Ratcliffe's company INEOS for the Premier League soccer club, the chemical firm confirmed in a statement on Saturday.

The Glazer family, United's American owners, said in November they had begun looking at options for the record 20-time English champions, including new investment or a potential sale, 17 years after they bought the Old Trafford club.

INEOS formally entered the bidding process to buy United earlier this year.

"We would see our role as the long-term custodians of Manchester United on behalf of the fans and the wider community. We are ambitious and highly competitive and would want to invest in Manchester United to make them the number one club in the world once again," INEOS said.

Ratcliffe has previously openly expressed his interest in buying the Old Trafford club.

The initial deadline for bids expired on Friday. Qatar's Sheikh Jassim Bin Hamad Al Thani also confirmed a bid on Friday.

Share

More from Business

  • UK's Jaguar Land Rover to halt US shipments over tariffs

    Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, it said on Saturday, as it considers how to mitigate the cost of President Donald Trump's 25% tariff.

  • US starts collecting Trump's new 10% tariff

    U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

Latest Local News

News

Quick Links

Get the app

  • Available on the App Store
  • Available on Google Play

© 2025 ARN and Aiir. All Rights Reserved.