Manchester United takeover rumours: Sir Jim Ratcliffe has proposed to give The Glazers 20% ownership in latest takeover bid
Sir Jim Ratcliffe, the owner of the multinational chemicals company INEOS, has made an official bid to takeover Manchester United alongside Qatari Sheikh Jassim Bin Hamad Al Thani. Per reports, Ratcliffe’s bid would allow Joel and Avram Glazer, the current owners of the football club, to retain a combined 20% stake in the club. This proposal has sparked mixed reactions among fans.
The proposal would involve Ratcliffe taking control of the club, while the Glazers would retain a stake in the club, allowing them to remain involved in the decision-making process. This would be a significant departure from the Glazers’ current ownership structure, which has been widely criticized by fans for its lack of transparency and apparent lack of investment in the club.
While the proposal would give the Glazers a continued presence at the club, it is unclear what impact it would have on the club’s future performance and financial stability. According to a report in The Guardian, Ratcliffe has pledged not to burden the club with debt if his bid is successful, rejecting the leveraged buyout approach used by the Glazers. However, it remains to be seen whether Ratcliffe’s approach will be sufficient to address the concerns of fans and experts who have criticized the Glazers’ ownership of the club. It remains to be seen whether Ratcliffe’s proposal will be accepted, but it certainly adds an intriguing wrinkle to the ongoing saga of Manchester United’s ownership.
The deadline for the third and final bids for Manchester United is fast approaching, with interested parties having until 10 pm on Friday to submit their proposals. While Qatar’s Sheikh Jassim bin Hamad al-Thani has reportedly offered a 100% takeover bid, several American investment firms are also bidding for minority stakes in the club.
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