Jim Ratcliffe’s company, INEOS has entered the process to buy Manchester United from the Glazer family.
The Glazers had announced in November they were exploring “strategic alternatives” for the sale of United..
The Glazers have been deeply unpopular among supporters throughout their time as custodians, but new ownership appears to be on the horizon.
British billionaire Ratcliffe, is reputed to be a United fan having registered an interest publicly last August after his failure in to buy Chelsea three months earlier.
Ratcliffe who seems not new to football business also owns the Ligue 1 club, Nice.
“We have formally put ourselves into the process,” an INEOS spokesperson said.
Ratcliffe has a net worth of $15.5billion (£12.7billion), according to Forbes, having made most of his fortune since founding chemicals giant INEOS in 1998.