Ineos's bid values Manchester United at more than 5 billion pounds - The Times

Ineos chairman Jim Ratcliffe is pictured at Old Trafford

(Reuters) - Jim Ratcliffe's Ineos has outbid a Qatari group led by Sheikh Jassim bin Hamad al-Thani in the battle to buy Manchester United, The Times reported on Saturday, citing sources.

Ineos is the only bidder to have valued the club higher than 5 billion pounds ($6.29 billion), the report added.

($1 = 0.7954 pounds)

(This story has been corrected to fix the bid value in the headline and tense in paragraph 1)

(Reporting by Rahat Sandhu in Bengaluru; Editing by Alex Richardson)