A British businessman, Jim Ratcliffe, has made a formal offer to buy Manchester United of the Premier League.
The club’s present owners – the Glazers – have stated they are willing to sell the business following repeated fan demonstrations and other problems.
The family has held a majority of the club’s stock since 2005.
According to Sky Sports, Ratcliffe’s chemical company – INEOS – made their formal bid for the club.
Ratcliffe prepared a Chelsea bid as well when Roman Abramovich received a penalty.
With 38 points after 18 games, United are fourth in the Premier League.