Jim Ratcliffe’s chemical firm, Ineos, has emerged victorious within the race to amass Manchester United, outbidding a Qatari group led by Sheikh Jassim bin Hamad al-Thani, in keeping with an article in The Instances printed on Saturday. The precise figures of the bid haven’t been made public, however sources recommend that Ineos is the one bidder to have valued the soccer membership at a worth greater than £5 billion, which equates to roughly $6.20 billion or Rs 51,400 crore.

Manchester United is among the most beneficial sports activities franchises on this planet, with an enormous world fan base and a historical past of on-field success. The membership has been owned by the Glazer household, American billionaires, since 2005, and so they have come beneath rising stress from followers and critics to promote the membership in recent times.

Ineos isn’t any stranger to the world of sports activities possession, having acquired the biking crew previously often known as Staff Sky and rebranded it as Ineos Grenadiers, in addition to proudly owning the French soccer membership OGC Good. Jim Ratcliffe, the founder and chairman of Ineos, is a eager sports activities fanatic and has spoken previously about his want to construct a “world-class” sports activities crew beneath the Ineos banner.