Britain's richest man Sir Jim Ratcliffe has reportedly hired Wall Street giants JP Morgan and Goldman Sachs to advise him on his bid to buy Manchester United.
Ratcliffe, a Manchester United fan, will face stiff competition from Qatari investors who are looking to buy the club ahead of the February 17 deadline set by the US merchant bankers Raine.
According to Bloomberg, Ratcliffe has entrusted the Wall Street giants to help him study the feasibility of an offer for Man United.
Sportsmail revealed on Wednesday that a private wealth fund want to buy the Premier League giant.
The Glazer family will probably struggle to attract their desired £6billion bid for United, according to those within the process. They believe between £4.1bn and £4.5bn is more realistic.
United announced they were open to a sale or investment in November and Ratcliffe became the first potential bidder to put his hat into the ring in January.
But following the World Cup hosted by Qatar, the group of investors became interested in United.
Last month, belief grew that they should have a stake in a club they see as the biggest in the world.
Talks between the prospective buyers and United’s hierarchy followed. The Qataris are also confident there will be no issues presented by Qatar Sports Investments’ (QSI) ownership of Paris Saint-Germain.
More to follow.
nuycdlrty
0
yes jim please buy United we need a man united supporter we dont want middle eastern owners who dont value are club as nothing less than a business
Lien_Meizap
1
I wish Ratcilffe win this bid vonsidering he being a die hard United fan
Mebacoy
1
Ratcliffe Don't Stand On The Cliff To Commit Of Buying Man Utd 😂😜 The Arab Boys Will Run The Show And Invest Lots Of £Pounds To Buy Top Quality Players.😜😂🤣🤪😆😅
Yoyclmruy
1
this man is scared of buying Man Utd, if he does he will be worst than previous owners because he will be afraid to spend, i advise him to just leave Man Utd to Middle East Investors
Shmonny
1
Goat 🐐
Rickytommy
2
this is the same British richest man who wanted to buy Chelsea but never make an official offer
Rickytommy
4
Just stop fooling around you don't have enough money to buy Manchester United, let the rich people from the middle east get it and transform the club
Vauabmprsy
0
you can not buy Manchester united