(Reuters) - INEOS, the company owned by Jim Ratcliffe, a British billionaire and long-time Manchester United fan, has formally entered the bidding process to buy the Premier League soccer club.
Jim Ratcliffe, 70, was born in Failsworth in Greater Manchester.
Ratcliffe is the first potential bidder to publicly declare an interest in purchasing Manchester United.Last year, Ratcliffe failed in an attempt to buy London soccer club Chelsea, which was purchased by an investment group led by American Todd Boehly and Clearlake Capital.INEOS Group Limited is a British multinational chemicals company headquartered and registered in London.
Its raw materials are used in packaging for toiletries, medicines and food, mobile phones and furniture.The chemical firm has for a long time been involved in the world of sports, with links to Formula One, cycling, sailing, soccer and rugby. The company is the official performance partner to the New Zealand rugby national team, who are popularly known as the All Blacks.
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