Billionaire sends message to Glazer family about buying Manchester United

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Britain’s richest man Sir Jim Ratcliffe has ruled himself out of the running to buy Manchester United and Liverpool.

Ratcliffe, the CEO of Ineos Group Ltd and owner of French side Nice, recently tried to purchase Chelsea and has held an interest in buying a stake in Manchester United, the club he supports.

“Our position has developed since the summer and we are now focusing our efforts in Nice and raising our ambitions for the club to make them into a top tier club in France to compete with PSG,” a spokesman told The Telegraph.

“This would represent much better value for our investment than buying one of the top tier Premier League clubs.”