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Sir Jim Ratcliffe makes three major Manchester United vows clear in takeover bid

Sir Jim Ratcliffe and INEOS have made clear their plans for Manchester United should they become the club's new majority owners after submitting a bid.

A statement released on Saturday confirmed that their interest has been formalised into an offer to become the majority owners of United and thus have a controlling stake in the club. In it, they also describe themselves as "ambitious and highly competitive".

This public announcement came a day after the chair of Qatar Islamic Bank (QIB) Sheikh Jassim bin Hamad Al Thani confirmed that they had submitted a bid to purchase the entirety of the club. American hedge fund Elliott have also reportedly entered the race, but are apparently not proposing a full takeover of the club.

READ MORE: INEOS and Ratcliffe confirm takeover bid

The 142-word statement makes three main vows. Here, the Manchester Evening News examines each and explains what they could mean for the club.

"Make (United) the number one club in the world once again"

Officially, the last time that United were the number one club in the world was in 2008. That was the one, and only time, that the club have won the current iteration of the Club World Cup by beating Gamba Osaka in the semi-finals in an eight-goal thriller before edging Liga de Quito in the final thanks to a late Wayne Rooney goal.

Almost 15 years on, United are a long way from where they were back then under the management of Sir Alex Ferguson. There are many reasons for that, investment being one of them and also something that the statement addresses.

"We are ambitious and highly competitive and would want to invest in Manchester United to make them the number one club in the world once again," the third sentence states. The influx of investment

Read more on manchestereveningnews.co.uk