British billionaire Jim Ratcliffe has submitted a bid to buy Manchester United through his chemicals company INEOS, according to reports.
Ratcliffe, a lifelong United fan, will be up against Qatari banker Sheikh Jassim bin Hamad bin Al Thani.
Qatar Islamic Bank chairman Al Thani, who is the son of a former Qatari prime minister, earlier confirmed he tabled an offer that will not carry any debt and vowed to reinvest all profits during his stewardship back into the club or community.
Al Thani's offer was made public roughly two hours before an apparent 'soft deadline' of 22:00 GMT on Friday, though the exact figure on the table was not revealed.
Ratcliffe had previously been the first to formally lodge an interest last month after the incumbent owners – the Glazer family – announced in November the club had been put up for sale.
The Telegraph quoted a source close to INEOS as saying: "His aim is to be a long-term custodian of Manchester United and set the standard for a progressive approach to club ownership.
"As locally born, he wants to put the Manchester back into Manchester United."
The Glazers have been deeply unpopular among supporters during their 18 years as stewards, predominantly down to their initial takeover coming in the form of a leveraged buyout, which saddled the club with huge debts.
In United's most recent financial figures, released in September, the club revealed their net debt increased from £419.5million to £514.9m in the year up to June 30, 2022.
Speculation over the past few months has run wild with regard to prospective buyers, with Elon Musk, Apple, Jeff Bezos, and a Saudi Arabian consortium all credited with varying degrees of interest.
But talk of Ratcliffe and a separate Qatari-backed bid had long gathered the most traction in the media, and it is the former many United fans are thought to favour.
Ratcliffe's company INEOS already owns Ligue 1 side Nice and has been routinely linked with Premier League clubs in recent years, even tabling an offer for Chelsea in 2022 prior to their sale to Todd Boehly and his Clearlake consortium.
His long-held affinity for United is an understandable positive for fans hoping for a return of the glory days.
Though, for many fans, siding with Ratcliffe comes as much from a place of uncertainty due to the Qatari bid's potential ties to Qatar's state.
The 2022 World Cup host nation has been widely derided for its human rights record ever since being given that tournament in 2010.
Ten Hag targets further transfers as Man Utd prioritise squad depth
Erik ten Hag wants more transfer activity ahead of his third season in charge of Manchester United, saying the Red Devils must work to replicate their rivals' strength in depth.
Ten Hag signed a new contract after overseeing United's FA Cup final victory over Manchester City in May, having previously been expected to depart.
Ahead of their first full season under the Jim Ratcliffe regime, United have spent an estimated £88million to acquire forward Joshua Zirkzee from Bologna and centre-back Leny Yoro from Lille.
But after United suffered more injuries causing a player to miss at least one match (45) than any other Premier League team last term, Ten Hag believes more is required.
"I want the squad as strong as possible," Ten Hag told reporters at a press conference ahead of Saturday's friendly versus Arsenal.
"We already made two very good buys, so when everyone is fit we have a team that can beat everyone.
"But also in squad depth, we have to catch up. We know that because when we had injuries, we were vulnerable, and we have to avoid this.
"First, by picking up fewer injuries. And second, our squad has to be that good in depth.
"Of course, we have the quality, but in the depth we have to catch up even more, because this will be a season that is survival of the fittest.
"We proved we can beat the best team. Not just once, we did it twice. Our challenge is to do it consistently, that's what we have to work for."
Man Utd boss Ten Hag certain Rashford will return to form
Erik ten Hag has "100% belief" that Marcus Rashford will return to form for Manchester United after the forward endured a disappointing 2023-24 campaign.
Rashford scored seven goals in 33 games last season as United finished eighth in the Premier League, having netted 17 times in 2022-23 when the Red Devils finished third.
The forward was subsequently left out of England's squad for Euro 2024, also being disciplined by his club for missing training to go to a nightclub in Belfast in January.
With former striker Ruud van Nistelrooy returning to Old Trafford in a coaching role, Ten Hag feels his presence can help Rashford get back to his best.
"The reason Ruud is here is clear, he can help the strikers, but he is much more than this. With Rashford, he can only prove himself," Ten Hag said.
"He is capable, he scored so many goals already at a relatively young age, he is capable of it. So I am confident, 100% belief, he can do the same as a few years ago."
Rashford was not the only England international to struggle for United last term, with Mason Mount enduring a disjointed first season at Old Trafford after arriving from Chelsea.
He made just 14 appearances in the Premier League, five of them starts, only scoring one goal and failing to provide an assist.
Ten Hag, however, feels it is unfair to judge him on last campaign and is certain he will fare better in 2024-25.
"You can't judge his season, because he was injured. Don't judge him. But when he is fit he will be a very good player for us and we can use him, he is versatile," Ten Hag said.
"You need certain types in the squad, team players, multifunctional players, he is one of the players who can play in several positions, he will help the team."
United continue their pre-season tour of the United States on Saturday as they face Arsenal, with matches against Real Betis and Liverpool also in the diary before they take on Manchester City in the Community Shield on August 10.
Eriksen in 'no rush' to decide Man Utd future
Christian Eriksen says he is in "no rush" to decide his future despite going into the final year of his contract at Manchester United.
Eriksen joined the Red Devils in 2022, making 28 appearances in the Premier League in his first season, though an injury in January 2023 put a halt to his impressive start to life at Old Trafford.
Following Kobbie Mainoo's breakout season last year, Eriksen dropped down the pecking order at United as he made just 12 starts in his 22 league appearances, scoring just once and assisting two goals.
Some reports suggest Eriksen could be heading out on loan to former club Ajax for the final year of his contract, but he insisted he is satisfied in Manchester.
"I am really happy at United," he said. "I have had two very good years and am going into my third.
"It is a special club and a special place. Also, my family is settled in Manchester, so I am in no rush.
"Obviously, I want to play as much as possible and do everything I can. But that is nothing to do with the club - it is up to you and the manager.
"But in terms of how I feel, I feel very good at United."
SportsMax is the Caribbean sports channel of choice, committed to providing sporting content of the highest quality to the Caribbean, delivered by a team of highly innovative, passionate and qualified professionals.
(876) 619-7629
digitalmedia@sportsmax.tv
