Britain's third richest man Jimmy Ratcliffe has had his bid for French Ligue 1 outfit OGC Nice cleared by the country's competition authority.
Ratcliffe, said to be worth over £18.15 billion was reportedly interested in buying Manchester United and was also linked with a £2 billion bid for Chelsea earlier this year.
He now has the go ahead to complete his offer reportedly worth Ksh 10 billion for Nice, according to BBC (UK).
Nice finished 7th in Ligue 1 last season and is managed by Patrick Vieira and have already scooped two-out-of-two wins in the 2019/20 season, coming in at second place below Lyon.
The petrochemical tycoon is the official sponsor of British cycling team Ineos and pumps in almost £40m a year.
TUKO.co.ke previously reported that the British billionaire has has reportedly held talks over a possible takeover of Chelsea football club.
Ratcliffe is exploring the possibility of replacing current owner, Roman Abramovich as club chief. He also approached Man United owners the Glazer family
But it is understood that Ratcliffe was put off by United's asking price and it is unclear if the 66-year-old would still consider a buyout offer, despite his desire to invest in football.
When asked about the Red Devils, Ratcliffe previously said: “I’m a tortured Manchester United fan. We [Ineos] have dipped our toe in the water with football.”
The Old Trafford club is estimated to be valued at KSh 497.8 billion (£3.8bn) and a number of Man United fans are calling for the Glazers to sell.
Source: Tuko Newspaper
