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Billionaire Jim Ratcliffe Joins Race to Buy Manchester United

  • Ratcliffe’s Ineos ‘formally’ in process, spokesman says
  • Stock erases loss in New York; has soared since November

Jim Ratcliffe

Photographer: Bertrand Guay/AFP/Getty Images
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British billionaire and Manchester United fan Jim Ratcliffe officially joined the race to buy the English soccer giant.

“I can confirm that we have formally put ourselves into the process,” a spokesman for Ratcliffe’s Ineos Group AG, said by email. Ratcliffe becomes the first potential bidder to publicly declare an interest in purchasing the team.