“This is not about the money that has been spent or not spent.
“Jim is looking at what can be done now and, knowing how important the club is to the city, it feels like the time is right for a reset.”
Ratcliffe, a lifelong United supporter, is a petrochemicals tycoon who at his peak was worth around £21billion.
He runs multi-billion-pound chemicals giant Ineos, which owns French club Nice, Swiss side Lausanne, plus a third of Formula One team Mercedes.
Ratcliffe also made a last-gasp bid to buy Chelsea back in May, although his £4.25billion offer was rejected.
His intention was to create a “very fine club in London” at Stamford Bridge.
But the club was eventually sold to Todd Boehly, who’s not been afraid to splash the cash during his short time in charge.
United fans’ frustrations have been growing for several years with the Old Trafford faithful angry over their constant failings in the transfer market and a lack of progress on the pitch.
They’ve won just three trophies in nine years since Sir Alex Ferguson left despite spending more than £1billion on new players.
A potential buyer comes less than two months after the Red Devils were put up for sale.
A takeover would be another boost for Erik ten Hag and Co with things going swimmingly on the pitch.
ionigeria.com Nigerian Newspaper
