Sir Jim Ratcliffe: UK billionaire officially enters bidding to buy Man United

Manchester-born businessman's company Ineos confirms they have entered to process to purchase Old Trafford club

Sir Jim Ratcliffe's company Ineos has confirmed his interest in buying Manchester United. AFP

Sir Jim Ratcliffe, one of Britain's richest men, has confirmed through his company that he has entered the race to buy Manchester United.

The Manchester-born billionaire, a childhood United fan, issued a statement through his chemicals company Ineos on Tuesday.

"We have formally put ourselves into the process," the statement said. Ratcliffe, who is worth $15.5 billion (£12.6bn), is the company's chairman and chief executive.

United's current American owners, the Glazer family, announced in November that were willing to listen to offers for the club, which they bought in 2005.

It is believed that the Glazers value the club at £5bn. They have been massively unpopular with United fans since their leveraged £790m takeover. There have been several large-scale protests against their ownership.

United were debt-free before the takeover but the Glazers have reportedly taken £1bn out of the club to service their debt, as well as paying themselves huge dividends.

Ratcliffe made a last-minute bid to buy Chelsea last year after they were put on the market by Roman Abramovich, who was forced to sell the club due to his links to Russia president Vladimir Putin following the invasion of Ukraine.

An American consortium headed by Todd Boehly won the bid to take over the West London club, paying £2.5bn, and vowing to commit £1.75bn in further investment.

Ratcliffe, 70, owns French Ligue 1 side Nice, which he bought for €100m, as well as Swiss Super League club FC Lausanne Sport.

In March 2019, he purchased the Team Sky cycling franchise, rebranding it Ineos Grenadiers.

In 2018, he also partnered with Ben Ainslie to form Team Ineos UK to compete in the 36th America's Cup. He reportedly invested £100m in the project.

Man United 2 Man City 1 - player ratings

MANCHESTER UNITED RATINGS: David De Gea - 7, City had more possession but fewer chances in the first half – just one shot to United’s four. A couple of poor balls out and couldn’t do much for City’s goal. Getty

Tyrell Malacia - 9, His best United game. Made a fine run on a 32nd minute counter attack but the pass from Fernandes didn’t come to him. Excellent cutting out a 54th minute De Bruyne ball. Targeted in the last derby, a 3-6 defeat. Much better in this one, though a 75th minute cross was a poor one. PA

Luke Shaw - 9, Surprise starter and busy as City put a lot of balls into the United box. Took the ball off Bernardo to break up a 54th minute City attack. Roared on after a 94th minute interception which stopped a City attack. And again in the 95th minute. AFP

Raphael Varane - 9, He’s brilliant. Followed Haaland closely and bested him throughout. Rapid when clearing up loose ball, snuffing attacks out. Went towards J Stand at the end and bellowed in celebration with the fans. This is why he joined United. Magnificent performance. Reuters

Aaron Wan-Bissaka - 8, Big test for the man – and he was up to it. Grew stronger in the second half, battled, won tackles and even had a shot on goal. AFP

Fred - 8, Man-marked De Bruyne. Two super tackles on him after 18, to huge cheers. Energy to the end. Like a rat up a drainpipe. Magnificent. EPA

Casemiro - 8, Headed corners away. Blocked Haaland’s shot on 24. Couldn’t get close enough to De Bruyne as he set up City’s opener. Ball towards Rashford set up the equaliser – though Fernandes converted it. Helped United be so good out of possession. PA

Christian Eriksen - 6, Played in the No 10 role and put Fernandes in for an early shot. Combined well with Rashford in a 37th minute attack. Booked for a second foul on Grealish and brought off soon after. PA

Bruno Fernandes - 8, Played on the right, defended well, pressed well. Manager’s man of the match. Shot wide after 11 following an Eriksen assist. Poor ball towards Malacia on 32 as United countered. Lofted a clever ball forward. Then he equalised – what a (controversial) moment. Getty

Anthony Martial - 5, Surprise start given his manager said he was injured. Effective when coming back early in the game and linking up on the attacks, but he didn’t press as he should – and did against City in previous derbies. Off at half time. Getty

Marcus Rashford - 8, Linked with those around him. Broke on 33 and shot but it was easily cleared. Burned Rodri off on 37 but ran out of space as Ederson came out and made a top save. Pulled up soon after and it looked like he’d have to leave the field at half time. He didn’t and stayed on to get the 82nd minute winner, the ninth consecutive game he’s scored in. AFP

SUBS: Antony - 5, On for Martial at half time. Didn’t do much. Reuters

Alejandro Garnacho - 7, On for Eriksen after 71. Energetic and ran down left. Tried to cross, the ball hit Ake’s face and came back to him. He turned, then hit a left footed cross towards Rashford for the winner. EPA

Harry Maguire N/A. Lisandro Martinez N/A. Scott McTominay N/A. Reuters

MANCHESTER CITY RATINGS: Ederson - 5, Looked shaky at times, notably rushing out and being beaten to the ball by Rashford, but did well to smother the United forward later in the first half. Little he could have done about the goals. PA

Kyle Walker - 6, Was solid for large periods, notably stepping out to stop Fernandes’ pass to Malacia, and got forward well with one ambitious shot fizzing agonisingly wide before half time. Was beaten by Fernandes for the equaliser. PA

Manuel Akanji - 6, Cleared Rashford’s shot off the line then stopped Martial getting off a convincing header. Did superbly to stop Malacia’s ball through, then halted Garnacho’s run but was involved as Fernandes equalised then completely lost Rashford as United went ahead. AFP

Nathan Ake - 6, Wasn’t afraid to step out and make an impact, whether that was on the ball or winning it back. However, he was turned by Garnacho before the substitute set up the winner. AP

Joao Cancelo - 7, Showed early intent with a burst forward while also defending well, notably reaching Martial’s pass ahead of Rashford and heading away Shaw’s cross. AFP

Kevin De Bruyne - 8, Was frustrated by Fred early on but his influence grew as the game progressed with the Belgian’s delightful dink setting up Grealish’s opener. Couldn’t quite unlock United’s defence as City chased the equaliser. EPA

Rodrigo - 7, Put in a lot of strong defensive work, winning the ball back when United threatened to break forward and doing well to keep Rashford under pressure when he was bearing down on goal. PA

Bernardo Silva - 5, Dropped deep to get the ball in the first half but played a poor pass that resulted in a chance for Fernandes. Couldn’t quite play Haaland through, then tried to head the ball back when there was the chance to go for goal. AFP

Riyad Mahrez - 6, Was frustrated by the amount of times Malacia fouled him in the first half and had a poor pass cut out in a promising position. Played a lovely flick to help a De Bruyne burst forward. Getty

Erling Haaland - 5, Tried to come deep to get on the ball and saw his one real shot blocked by Casemiro. Made a strong defensive header from a United corner but was unable to get a shot off before Casemiro tackled him. AFP

Phil Foden - 4, Was very quiet and was caught offside a few times. Couldn’t get a convincing header on De Bruyne’s cross and played a poor pass in a promising position. Hooked after 57 minutes. EPA

SUB: Jack Grealish (Foden, 57’) - 8, Made an instant impact as he headed home De Bruyne’s cross, then continued to get on the ball. His late cross required a superb defensive header from Shaw. AFP