The 25% offer in the initial majority takeover bid aims to finalise the sale while keeping the Glazers in control.
Manchester United’s New York Stock Exchange valuation dropped last month on reports that their US owners, the Glazers family, may not sell.
Ratcliffe, founder of chemicals giant INEOS, emerged as one of two leading candidates to purchase the 20-time English champions, along with Qatari banker Sheikh Jassim Bin Hamad Al Thani. United’s valuation on the New York Stock Exchange plummeted last month after reports the Glazers may not sell.Sky News said Ratcliffe could seek a stake of about 25% as part of a proposal to try to bring the drawn-out sale process to an end, having initially wanted to complete a majority takeover.
The Glazers are deeply unpopular with United’s supporters, who accuse the family of having saddled the club with debt and not investing enough.
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