Ineos are just going to be first of many potential bidder to come forward, with the Glazers putting the club up for sale last November.
With the process now beginning, the prospect of Manchester United soon having new owners is a very real, and exciting prospect.
United’s sale price is expected to set records, and with the team now finally looking strong on the pitch, a bright future lies ahead.
Manchester United could ‘eclipse everybody economically’
Former Crystal Palace owner Simon Jordan discussed Ratcliffe’s planned takeover, in an interview with Talksport.
He believes United’s brand strength, income, and global fanbase will make the team a frightening proposition for rivals, once new ownership is on board.
Jordan explained: “Whether its cycling, whether its motor racing or whether its the football clubs he’s involved in Switzerland and France in, this [Ratcliffe] is nobody’s fool.
“Part and parcel of his motivation is to own arguably, the biggest football club. Man United winning the Premier League, Man United being back among the elite, will eclipse everybody economically.”
He went on to add that he believes a figure of £5 billion could be the magic number for Ineos.
“Do Manchester United get sold at 6-7 billion quid? I’d be gobsmacked if they did. If it gets into the territory of between 4 and 6, and by that I mean probably 5, then the conversation happens.”
The problem for buyers beyond simply purchasing Manchester United, is the further expenditure required.
Ongoing investment into the team is expected, along with a plan to clear the club’s debt, and to fund major investment in Carrington and Old Trafford.
United are big enough that success on the pitch, gate receipts and television revenues can help self-fund transfer activity. We have seen this through the years, the Glazers have not put their own money in.
But debt clearances and capital investment in infrastructure is required, and new owners are likely going to need to put the money up themselves. Whoever does so, will need very deep pockets.