Ratcliffe won’t pay ‘stupid’ price for Man Utd

Any sale of United would likely exceed the biggest sports deal so far - the $5.2 billion including debt and investments paid for Chelsea, sources have told Reuters previously.

Published : Mar 21, 2023 11:09 IST - 1 MIN READ

Ratcliffe, a life-long United fan and founder of chemicals producer INEOS, put in a bid for the club in February.
Ratcliffe, a life-long United fan and founder of chemicals producer INEOS, put in a bid for the club in February. | Photo Credit: REUTERS
infoIcon

Ratcliffe, a life-long United fan and founder of chemicals producer INEOS, put in a bid for the club in February. | Photo Credit: REUTERS

British billionaire Jim Ratcliffe has said he does not want to pay a “stupid” price for Manchester United ahead of Wednesday’s deadline for second offers for the Premier League club.

Ratcliffe, a life-long United fan and founder of chemicals producer INEOS, put in a bid for the club in February.

United’s current owners, the Glazer family, began looking at options for the record 20-time English champions, including new investment or a potential sale, in November, 17 years after they bought the club for 790 million pounds ($968.30 million) as part of a highly leveraged deal.

Any sale of United would likely exceed the biggest sports deal so far - the $5.2 billion including debt and investments paid for Chelsea, sources have told Reuters previously.

In an interview with the Wall Street Journal, Ratcliffe described the club as a “community asset” rather than a financial one.

“How do you decide the price of a painting? How do you decide the price of a house? It’s not related to how much it cost to build or how much it cost to paint,” Ratcliffe said.

“What you don’t want to do is pay stupid prices for things because then you regret it subsequently.”

According to a Sky Sports report, United are set to receive more than five bids before Wednesday’s deadline for second offers.

Sign in to unlock all user benefits
  • Get notified on top games and events
  • Save stories to read later
  • Access to comment on every story
  • Sign up / manage to our newsletters with a single click
  • Get notified by email for early bird access to discounts & offers to our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide to our community guidelines for posting your comment