Manchester United have received a bid from Jim Ratcliffe's company INEOS for the Premier League soccer club, the chemical firm confirmed in a statement on Saturday.
The Glazer family, United's American owners, said in November they had begun looking at options for the record 20-time English champions, including new investment or a potential sale, 17 years after they bought the Old Trafford club.
INEOS formally entered the bidding process to buy United earlier this year.
"We would see our role as the long-term custodians of Manchester United on behalf of the fans and the wider community. We are ambitious and highly competitive and would want to invest in Manchester United to make them the number one club in the world once again," INEOS said.
Ratcliffe has previously openly expressed his interest in buying the Old Trafford club.
The initial deadline for bids expired on Friday. Qatar's Sheikh Jassim Bin Hamad Al Thani also confirmed a bid on Friday.
OPEC+ keeps oil output steady following steep price drop in 2025
Tesla loses EV crown to China's BYD
Dubai Duty Free celebrates record-breaking 2025
UAE updates capital market laws to strengthen financial oversight
Disney agrees to pay $10 million to resolve alleged child privacy law violations
