Manchester United have received a bid from Jim Ratcliffe's company INEOS for 'majority ownership' of the Premier League club, the chemical firm confirmed on Saturday, adding that it would look implement a fan-centred approach.
The Glazers bought United for 790 million pounds in 2005 as part of a highly-leveraged deal.
United fans have been clamouring for a change of ownership and the Glazers, who also own the National Football League's Tampa Bay Buccaneers, have been criticised as the team last won tophies in 2017, lifting the Europa League and League Cup. INEOS said it wants to make United a beacon for a "modern, progressive, fan-centred approach to ownership.
"We want a Manchester United anchored in its proud history and roots in the North-West of England, putting the Manchester back into Manchester United and clearly focusing on winning the Champions League," the statement said.On Thursday, the Daily Telegraph reported that Saudi Arabia has also submitted a bid for United.
A sale of the club would likely exceed the biggest sports deal so far, which was the $5.2 billion - including debt and investments - paid for their London-based Premier League rivals Chelsea, sources told Reuters previously.
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