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Sir Jim Ratcliffe has 'SUBMITTED an official bid' to buy Manchester United, as Britain's richest man - and boyhood fan of the club - becomes one of two confirmed contenders to take over after Sheikh Jassim Bin Hamad Al Thani's proposal

Sir Jim Ratcliffe's INEOS group have reportedly submitted an official bid to purchase Manchester United from the Glazer family.

The 70-year-old is Britain's richest man and had reportedly hired Wall Street giants JPMorgan and Goldman Sachs to advise him on his bid.

And according to the Athletic, Ratcliffe has now made an official bid to buy the club, with hopes, per sources close to the British billionaire, that he can 'put the Manchester back in Manchester United' if his bid is successfu.

The chemicals magnate, who is reportedly worth around £13.3bn, was also in the running to buy Chelsea last year.