Jim Ratcliffe pledged to invest $300 million in Manchester United to try to revive its fortunes.
Manchester United owners showing interest to be a part of the Indian Premier League could be one of the reasons why BCCI extended the date for purchasing the Invitation to Tender (ITT) for the two new IPL teams.
Jim Ratcliffe's company INEOS formally entered the bidding process to buy Manchester United on Tuesday, months after the club owners, the Glazer family, said they were considering selling the club as they explore "strategic alternatives".
Manchester United received a double financial boost as their owners agreed to pay off huge debts from outside club funds while first-quarter results on Tuesday showed strong matchday and commercial revenues.
Manchester United said on Tuesday it was commencing a process to explore strategic alternatives, including a new investment or a potential sale, 17 years after the American Glazer family bought the English Premier League soccer club.
The fixture was originally scheduled to be played on May 3 but was postponed after violent clashes between fans and police in which more than 100 supporters forced their way into the stadium and stormed the pitch to protest against the club's owners -- the Glazer family.
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'Project Big Picture' called for the biggest six clubs in the Premier League, along with three other long-term members, to be given 'special voting rights' that would effectively put them in command of the world's most commercially successful league -- and leave the rest as second-class passengers.
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