British businessman Jim Ratcliffe’s Ineos Group reassured creditors that he won’t tap companies in his chemical empire to finance a planned offer for a stake in Manchester United.

Executives at Ineos Quattro, a petrochemical unit of Ratcliffe’s group, told creditors on Monday that funding for the football team wouldn’t come from the company. He plans to use his personal wealth for any deal, people with knowledge of the matter said.