March 23rd 2023.
Sir Jim Ratcliffe of INEOS has extended the deadline of their bid to purchase Manchester United after being granted a deadline extension on Wednesday. The British billionaire personally visited Old Trafford and Carrington last week in an effort to show a more personal touch. A total of eight offers were expected to be made, with around half proposing minority stakes or potential financing to other bids. The first round saw bidders submit short statements and proof of finances, but no offer exceeding the £4.5billion mark.
(Image Source: https://metro.co.uk)
However, both Sheikh Jassim and Ratcliffe are willing to offer more, and INEOS confirmed their latest bid has now been submitted, potentially eclipsing the $4.65bn sale of NFL team the Denver Broncos last year. The Glazers will now consult with Raine over the next week to evaluate the bids and decide their next move.
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