admin The nearly year-long MUFC takeover saga is finally coming to an end. An agreement has been reached between Sir Jim Ratcliffe and the Glazers, which could be completed, signed, sealed and delivered within the next few days.
However, to the disappointment of many MUFC supporters, the result will see the Glazers retain majority ownership.
🔴 Sir Jim Ratcliffe expected to have control of football/sporting operations once vote of 25% minority stake will be confirmed.
Key days ahead for Manchester United future as process will enter final stage. pic.twitter.com/aiW2kivaMg— Fabrizio Romano (@FabrizioRomano) October 15, 2023
Various credible media outlets have reported this, so it will happen and this time we really mean it.
Ratcliffe, the billionaire CEO of chemicals giant INEOS, has struck a deal to buy a 25% stake from the Glazer family, who own 69% of the club.
This is a very unique deal though in this regard- Ratcliffe will pay an inflated above the market price in order to have control over specific decision-making processes.
Typically, those who acquire minority investment shares will not have such powers.
It is thought that Ratcliffe could have power of transfer business activity, which would definitely appease the section of the fan base that is really fed up with the Glazers, and all the missteps they have made in the transfer market in recent years.
According to a report in ESPN today, Ratcliffe “is willing to pay between £1.3 billion ($1.£576bn) and £1.5bn for shares although United’s current market value stands at around £2.6bn.
The door was opened for a takeover of Ratcliffe when Sheikh Jassim officially withdrew from the race last night. We did an article about it here.And we’ve covered the Ratcliffe minority stake purchase situation in more detail at this link.
