The Glazer family, who still own the controlling stake in the team, have facilitated the sale of 27.7% of the team to Ratcliffe.
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On his bidding rival and Qatari businessman Sheikh Jassim, Ratcliffe joked to the BBC: Still nobody's ever seen him, actually.
The Glazers never met him... he never... I'm not sure he exists!"
Jassim was thought to be a figurehead for the Qatari royal family, who were unsuccessful in their bid to buy United.