Ineos Chair Jim Ratcliffe would pay over $1.5 billion for a 25% stake in Manchester United Plc (MANU.N) were his bid for the iconic soccer club to be accepted by the Glazer family that controls it, a person familiar with the matter said on Sunday.
The terms of Ratcliffe’s bid, reported here for the first time, infer a valuation on Manchester United of close to $6.5 billion, excluding its net debt of more than $600 million, the source said.
That is slightly higher than a rival offer from Qatar’s Sheikh Jassim bin Hamad al Thani for $100% of the Premier League club. Manchester United is currently valued by the stock market at $3.3 billion.
Read the full story on Reuters here.