Sir Jim Ratcliffe turns down chance to buy Liverpool
Foot Mercato reported that Sir Jim Ratcliffe, Manchester United's interest, has passed on the chance to buy Liverpool.
After 12 years of ownership, the FSG Group sold the Reds. Liverpool won numerous trophies that year, including the Premier League trophy and the UEFA Champions League.
Ratcliffe was naturally interested in the Merseyside club. He had made an earlier bid for Chelsea, but it was ultimately sold to Todd Boehly at a cost of PS4.25billion.
Ratcliffe, however, has put his interest on Liverpool aside after Manchester United owners, The Glazers announced that they are selling the club.
Old Trafford's helm has been held by the Glazers for 17 years. But their tenure at Old Trafford has been less than that of FSG Group at Anfield.
The tenure was filled with controversy. It has been very difficult to get trophies since the departures by
Sir Alex Ferguson (and David Gill). Ratcliffe, Britain's wealthiest man, will be able to get a job even if he does not complete the takeover.
Manchester United plc announced today that the Board of Directors of the Company is beginning a process of exploring strategic alternatives for its club.
The purpose of the process is to improve the club's future growth with the ultimate goal to position the club to maximize opportunities on the pitch as well as commercially.