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Ratcliffe, a life-long United fan and founder
of chemicals producer INEOS, put in a bid for the club in
February.
United's current owners, the Glazer family, began looking at
options for the record 20-time English champions, including new
investment or a potential sale, in November, 17 years after they
bought the club for 790 million pounds ($968.30 million) as part
of a highly leveraged deal.
Any sale of United would likely exceed the biggest sports deal
so far - the $5.2 billion including debt and investments paid
for Chelsea, sources have told Reuters previously.
In an interview with the Wall Street Journal, Ratcliffe
described the club as a "community asset" rather than a
financial one.
"How do you decide the price of a painting? How do you decide
the price of a house? It's not related to how much it cost to
build or how much it cost to paint," Ratcliffe said.
"What you don't want to do is pay stupid prices for things
because then you regret it subsequently."
According to a Sky Sports report, United are set to receive more
than five bids before Wednesday's deadline for second offers.
($1 = 0.8159 pounds)
(Reporting by Aadi Nair in Bengaluru; Editing by Peter
Rutherford)
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