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Sir Jim Ratcliffe says INEOS still in the hunt for Manchester United
Sir Jim Ratcliffe said that INEOS is still in the race to buy Manchester United, having made a “good offer” to the Glazers.
The Manchester United takeover saga, which began in February, continues with no apparent end date in sight. Sheikh Jassim Bin Hamad Al Thani appeared to be the Red Devils’ favorite to win the race, but Ratcliffe remains confident in his chances and has revealed that a “good offer” had been made to existing owners the Glazers. While the decision-making process is underway, Ratcliffe stressed that he is bound by the non-disclosure agreement (NDA) and cannot provide specific updates on what is going on behind closed doors.
“We obviously can’t say too much because we’ve signed an NDA and we respect that but there’s still a process and we’re in the process. We have a good offer – we’ve met the Glazers a couple of times and we had a good conversation but at the end of the day it’s their decision… we would still very much like to do it. I also believe we would do a good job and do it for the right reasons. We keep very focused on it,” he told reporters during the launch of Grit, Rigour and Humour – the Ineos Story.
INEOS and other potential purchasers have met delays and uncertainties in their pursuit of Manchester United. Despite the fact that Sheikh Jassim Bin Hamad Al Thani has submitted various bids, INEOS has remained loyal to the terms set in the third round of bidding.