Jim Ratcliffe, a British business magnate, has made a formal offer to buy Premier League club Manchester United.

The club’s current owners, the Glazers, have stated that they are willing to sell the business as a result of repeated fan protests and other issues.

Since 2005, the family owns the majority of the club’s shares.

Also read: Man Utd seal incredible comeback over City in thrilling derby

According to Sky Sports, Ratcliffe’s chemical company INEOS has made its formal offer for the club.

Ratcliffe also set up a Chelsea bid when Roman Abramovich was handed a penalty.

With 38 points after 18 games, United is fourth in the Premier League.

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