Sir Jim Ratcliffe ‘determined’ to buy Man Utd but takeover plans ‘hit rocks over offer of Britain’s richest man’
SIR JIM RATCLIFFE is determined to buy Manchester United but there could be a problem with his takeover plans, according to reports.
The billionaire Brit became the first person to register his interest in buying the club in November last year.
AFPSir Jim Ratcliffe’s bid to buy Man Utd could hit a snag[/caption]
And this week he made a big move by recruiting JP Morgan and Goldman Sachs to help with his bid.
But Ratcliffe’s efforts could hit a big obstacle which would allow other interested parties to take advantage.
Several groups are believed to be considering bids including individuals from Saudi Arabia and Qatar.
And those wealthy backers could potentially outbid Ratcliffe – who is only prepared to offer £4billion, according to Foot Mercato.
The report claims Raine Group, the company overseeing the sale, are seeking £6bn.
However a more realistic range of £4.1bn-£4.5bn is being estimated.
Speculation has been rampant on who the potential new owners could be, with a deadline of February 17 set for bids to be submitted.
Recent reports have suggested a remarkable bid has been launched by a Qatar-based group, with talks already underway for a £4.5bn takeover.
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Ratcliffe has experience in seeing a takeover bid rejected after failing in his efforts to buy Chelsea last year.
Raine also oversaw that takeover process but rebuffed Ratcliffe’s £4.25bn bid, which means he has some convincing to do.
