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Billionaire Ratcliffe interested in buying Manchester United - Source - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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British billionaire Jim Ratcliffe is interested in buying Manchester United, a source familiar with the matter told Reuters after Elon Musk said his plan to buy the Premier League club was all part of “a long-running joke”.

Shares of Manchester United jumped 6.96% on Wednesday.

The Glazer family is not ready to concede the controlling stake in Manchester United and has an expectation of valuing the club at more than double its current market cap of $2.2 billion, another source said. The owners have also been criticised for not improving the Old Trafford stadium, the biggest club ground in the country with a capacity of around 75 000 fans.

United finished sixth last season in their worst Premier League campaign with respect to points earned, failing to qualify for the lucrative European Champions League.

 

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