Jim Ratcliffe says he has been told Manchester United are not for sale by the Glazer family and he "can't sit around waiting" for the club to become available.
Britain's richest man, chairman of INEOS, stated in August he would be keen to strike a deal should the Glazers be willing to sell up.
There have been multiple protests against the club's owners from supporters, including one in May 2021 that saw United's match against Liverpool postponed.
But any hopes fans had of a changing of the guard at Old Trafford have been dampened by Ratcliffe, who met with Joel and Avram Glazer.
"Manchester United is owned by the Glazer family, whom I have met," Ratcliffe, told the Financial Times. "I've met Joel [Glazer] and Avram [Glazer] and they are the nicest people, I have to say.
"They are proper gentlemen, really nice people, and they don't want to sell it. It's owned by the six children of the father and they don't want to sell it."
Ratcliffe was one of several figures who made bids to buy Chelsea before Todd Boehly's successful candidacy earlier this year, and the boyhood United fan acknowledged he would have tried to make a bid in the wake of his Blues failure.
"If it had been for sale in the summer, yes, we would have probably had a go following on from the Chelsea thing," he added. "But we can't sit around hoping that one day Manchester United will become available."
Matildas captain Kerr to miss Olympic Games
Australia captain Sam Kerr will miss the Olympic Games in Paris after failing to recover from an anterior cruciate ligament injury in time for the team's upcoming friendlies.
The Chelsea forward suffered the injury during a mid-season training camp in January, leaving her participation in serious doubt.
Kerr represented the Matildas at the 2016 and 2020 Olympics, also playing at four World Cups and four Asian Cups during her international career.
On Tuesday, Football Australia confirmed Kerr will not make the Olympic tournament – which begins on July 25 and ends on August 10 – while announcing the squad for two matches against China this month.
"Attacker Amy Sayer (ACL) and forward Sam Kerr (ACL) remain on the sidelines with long-term injuries," a statement from the governing body said.
"Kerr and Sayer will continue their rehabilitation programmes in their home club environments and subsequently will not be available for selection for the Paris 2024 Olympic Games."
Kerr, who is Australia's record scorer with 69 goals, was limited to just seven starts in the 2023-24 Women's Super League, contributing four goals and three assists for the eventual champions.
Earps seeking answers before making decision on Man Utd future
Mary Earps will seek answers from Manchester United regarding the club's direction before making a decision on her future, saying she has felt like a "punching bag" this season.
Earps' contract with the Women's FA Cup winners is set to expire in June, and there have been few signs of progress concerning a new deal.
Last year, United rejected a world-record bid for Earps, who starred as England won Euro 2022 and finished as runners-up at the 2023 World Cup.
Arsenal, Paris Saint-Germain and other clubs have been linked with Earps, and she is biding her time after enduring a difficult campaign in which her commitment to United was called into question.
"The honest reality is that conversations are still ongoing," Earps told Sky Sports on Tuesday. "I've been clear I don't want to make an emotional decision.
"The beginning of the season was really tough, I felt really upset about things that were being said about me and things that came out that weren't true.
"I've tried to be professional, keep my head down, work hard, get on with my job and that's been hard. I've been a punching bag at times.
"I know I've given my heart and soul for the whole season. It's a tough situation.
"I've asked the club for some confirmation on what they're trying to achieve and when I have those answers I'll be able to make a decision. It's up to the club."
Man City 'head and shoulders' above all teams in Premier League era, says James
Manchester City's current crop stand "head and shoulders" above all other teams in the Premier League era after winning four straight titles, says the club's former goalkeeper David James.
City became the first team in English top-flight history to win four successive titles on Sunday, a 3-1 win over West Ham ensuring they pipped Arsenal by two points.
Huddersfield Town (1923-1926), Arsenal (1932-1935) and Liverpool (1981-1984) all won the old First Division three times in a row, while Manchester United achieved the feat twice in the Premier League era (1998-2001 and 2006-2009).
Pep Guardiola's men ended the campaign with a nine-match winning streak, while they are now unbeaten in their last 35 matches across all competitions (29 wins, six draws), the longest such run ever recorded by a Premier League team.
They have the chance to make more history on Saturday, as they can clinch unprecedented back-to-back league and FA Cup doubles against Manchester United.
For James, who spent two years with City between 2004 and 2006, Guardiola's champions have cemented their legacy as the Premier League's finest.
"They're up there. The fact they've broken the record means that no one's done better than them over that period," he told Stats Perform.
"From the moment they first won that Premier League title to now, they have been head and shoulders better than anyone else.
"It's thoroughly deserved and one of the funny things that I love is the way they celebrate. You would think after four in a row that it would be, ‘okay, lads, let's get back in and worry about the FA Cup on the weekend'. They celebrate like they haven't got another match!
"This is a group of players and staff who are all with each other, all behind each other, all enjoying all these moments.
"I can't think of a team who's had that much dominance over that period of time. They just keep breaking records, don't they?"
Over the last four seasons, City's total of 359 Premier League points are 49 more than anyone else, while they have averaged 2.4 points per game and won 73.7 per cent of their league matches.
While James does not feel City's class of 2023-24 have been quite as relentless as 2022-23's treble winners, he says they always seemed to be in control in the run-in.
"I think it's interesting when we look at the whole season, because I don't think there's been a spell where City have absolutely smashed teams," James said.
"I've followed a lot of the games this season where they've won but haven't been overly impressive, especially compared to last season.
"But in a way, I could detect from the beginning of the season there was something different about the way Pep was approaching it. I don't think it was all the guts and thunder of last season.
"They always had it under control and it was just like a Mo Farah finish, they put the afterburners on at the end."
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