I Won't Pay 'Stupid' Price For Man Utd - Ratcliffe

British-born billionaire Jim Ratcliffe said he does not want to pay a "stupid" price for Manchester United ahead of Wednesday's deadline for second offers for the Premier League club.

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 as part of a highly leveraged deal.

In an interview, Ratcliffe described the club as a "community asset" rather than a financial one.

He said: "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. What you don't want to do is pay stupid prices for things because then you regret it subsequently."