Exclusive-Ratcliffe would pay more than $1.5 billion for 25% Manchester United stake-source

FILE PHOTO: Ineos chairman Jim Ratcliffe is pictured at Old Trafford in Manchester, Britain, March 17, 2023 REUTERS/Phil Noble

(Reuters) -Ineos Chair Jim Ratcliffe would pay over $1.5 billion for a 25% stake in Manchester United Plc were his bid for the iconic soccer club to be accepted by the Glazer family that controls it, a person familiar with the matter said on Sunday.

The terms of Ratcliffe's bid, reported here for the first time, infer a valuation on Manchester United of close to $6.5 billion, excluding its net debt of more than $600 million, the source said.