Saudi Arabia has formally submitted a bid to buy the Premier League football club Manchester United PLC. In what could turn into a bidding war for the club with one of the richest legacies in English football, the report further said that several private groups in Riyadh have made formal inquiries.British billionaire Jim Ratcliffe, a life-long supporter of the club and founder of chemicals firm INEOS, is a likely bidder, along with US private equity firms, sources told Reuters.As per another report by Bloomberg News, Qatari Royals are readying an opening bid of approximately 5 billion pounds.