{"id":138550,"date":"2023-10-03T09:01:02","date_gmt":"2023-10-03T09:01:02","guid":{"rendered":"https:\/\/magdelaine.net\/?p=138550"},"modified":"2023-10-03T09:01:02","modified_gmt":"2023-10-03T09:01:02","slug":"man-utd-takeover-update-as-sir-jim-ratcliffe-considers-shock-new-bid-which-would-allow-the-glazers-to-remain-in-control-the-sun","status":"publish","type":"post","link":"https:\/\/magdelaine.net\/lifestyle\/man-utd-takeover-update-as-sir-jim-ratcliffe-considers-shock-new-bid-which-would-allow-the-glazers-to-remain-in-control-the-sun\/","title":{"rendered":"Man Utd takeover update as Sir Jim Ratcliffe considers shock new bid which would allow the Glazers to remain in control | The Sun"},"content":{"rendered":"

SIR JIM RATCLIFFE is considering making an offer to buy a minority stake in Manchester United. <\/p>\n

The British billionaire has been in the running with Sheikh Jassim to buy a controlling share of the club from the Glazer family.<\/p>\n


\n<\/p>\n

Despite the current owners putting United on the market last November, no deal has been struck and negotiations with both are at a stalemate. <\/p>\n

It has been reported that there are disagreements between shareholders about the club's \u00a36bn valuation, as well as potential legal issues should a full takeover benefit one party more than another.<\/p>\n

Ratcliffe made a proposal to buy Man Utd for around \u00a35bn earlier this year, as did Sheikh Jassim, but the offers did not satisfy club chiefs.<\/p>\n

Therefore, the 70-year-old Ineos CEO is set to ditch his attempt to become the majority owner and instead try to purchase a smaller stake.<\/p>\n

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Various sources claim he could buy 25 per cent of Man Utd for a figure of around \u00a31.5bn.<\/p>\n

The bid would see Ratcliffe take an equal amount of A and B shares.<\/p>\n

The B shares are held by the Glazers, while A shares are those publicly traded.<\/p>\n

If Ratcliffe's proposal is accepted, it means the American owners will remain in control of the club. <\/p>\n

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This will be unpopular with many fans and ex-players who have loudly protested the Glazers' presence.<\/p>\n

However, it could raise extra capital for transfers or for improvements to be made to a decaying Old Trafford.<\/p>\n

The move could also help with debt after it hit \u00a31bn and the club's share price, which plummeted due to the takeover stalemate.<\/p>\n

Meanwhile, Sheikh Jassim has not changed his aim of becoming Man Utd's majority owner.<\/p>\n

MAN UTD NEWS LIVE: Stay up to date with all of the latest transfer and takeover news from Old Trafford<\/strong><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SIR JIM RATCLIFFE is considering making an offer to buy a minority stake in Manchester United. The British billionaire has been in the running with Sheikh Jassim to buy a controlling share of the club from the Glazer family. Despite the current owners putting United on the market last November, no deal has been struck […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\nMan Utd takeover update as Sir Jim Ratcliffe considers shock new bid which would allow the Glazers to remain in control | The Sun - magdelaine.net<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/magdelaine.net\/lifestyle\/man-utd-takeover-update-as-sir-jim-ratcliffe-considers-shock-new-bid-which-would-allow-the-glazers-to-remain-in-control-the-sun\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Man Utd takeover update as Sir Jim Ratcliffe considers shock new bid which would allow the Glazers to remain in control | The Sun - magdelaine.net\" \/>\n<meta property=\"og:description\" content=\"SIR JIM RATCLIFFE is considering making an offer to buy a minority stake in Manchester United. 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