By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
sauce.co.kesauce.co.kesauce.co.ke
  • News
  • Grapevine
  • Politics
  • Security
  • Business
  • Technology
  • Media
  • Sports
  • Entertainment
Reading: Manchester United: Sir Jim Ratcliffe pushing to sign off deal for minority stake in club before Christmas
Share
Notification Show More
Font ResizerAa
sauce.co.kesauce.co.ke
Font ResizerAa
  • News
  • Grapevine
  • Politics
  • Security
  • Business
  • Technology
  • Media
  • Sports
  • Entertainment
Search
  • News
  • Grapevine
  • Politics
  • Security
  • Business
  • Technology
  • Media
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » News » Manchester United: Sir Jim Ratcliffe pushing to sign off deal for minority stake in club before Christmas

Manchester United: Sir Jim Ratcliffe pushing to sign off deal for minority stake in club before Christmas

Last updated: December 22, 2023 4:41 pm
Daniel Kiptoo Bargoria 3 years ago
Share
3 Min Read
SHARE

Manchester United’s drawn-out ownership saga could be resolved before Christmas Day.

Sir Jim Ratcliffe is eager to get a deal signed off before 25 December which would see his Ineos Group pay around £1.25bn to buy 25% of the club.

BBC Sport understands there has been fresh impetus around negotiations this week.

It is more than a year since the Glazer family announced they were considering selling the club.

However, despite several false dawns, the long-mooted deal for Ratcliffe’s Ineos to become minority shareholders has still not been confirmed.

It is expected advisers on all sides will work late on Friday, or into the weekend, if necessary providing a positive outcome is still possible before the Christmas break.

Once a deal is agreed it will be followed by a six-to-eight week period for the purchase to be signed off by the Premier League.

That means next month’s transfer window will be closed by the time Ratcliffe is officially involved. United have already said they don’t expect to be involved in extensive transfer business in January.

Many at Old Trafford feel the continuing delay is having a negative effect on the club, with most still unsure of Ratcliffe’s plans for the football side, nor who is likely to be working for him at Old Trafford, other than trusted Ineos director of sport Sir Dave Brailsford.

Ineos and Qatari banker Sheikh Jassim bin Hamad Al Thani both initially tabled bids of around £5bn for the 20-time English champions.

However, neither bidder was willing to reach the Glazer family’s valuation, with co-chairs Joel and Avram Glazer both known to be reluctant sellers.

Sheikh Jassim withdrew from the process in October, claiming his final bid, thought to be double United’s $3.2bn (£2.64bn) stock market valuation, had not met the Glazers’ demands.

Ratcliffe had already amended his initial plan to buy the Glazers’ 69% shareholding and reduced it to a ‘majority’ stake.

But it was only when he reduced it again, to an anticipated 25%, that the potential for an agreement increased.

You Might Also Like

Two Journalists Assaulted as Tension Escalates Ahead of Linda Mwananchi Rally in Homa Bay

Kindiki Claims Gachagua Ignored His Advice Before Impeachment

Gachagua Accuses Ruto and Kindiki of Trying to Divide Mt Kenya Ahead of 2027

SHA Disburses Second Batch of Payments for Pending NHIF Claims

Apple Declares iPhone X and 2018 MacBook Pro Obsolete

Share This Article
Facebook Twitter Whatsapp Whatsapp Email
Previous Article Boni Khalwale stranded on Nairobi-Nakuru highway traffic gridlock as Kenyans travel upcountry for X-mas
Next Article Tom Lockyer: Luton Town captain discharged from hospital following cardiac arrest
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Latest stories

  • Two Journalists Assaulted as Tension Escalates Ahead of Linda Mwananchi Rally in Homa Bay
  • Kindiki Claims Gachagua Ignored His Advice Before Impeachment
  • Gachagua Accuses Ruto and Kindiki of Trying to Divide Mt Kenya Ahead of 2027
  • SHA Disburses Second Batch of Payments for Pending NHIF Claims
  • Apple Declares iPhone X and 2018 MacBook Pro Obsolete
  • Police Intercept Vehicles, Arrest 15 Suspects Headed to Homa Bay
  • UK Prime Minister urges ‘reflection’ after Cambridge professor’s death
  • At Least 20 Killed in New Nigeria Violence: Lawmaker
  • Iran Calls for Release of Pilots Captured in Qatar During Middle East War

You Might Also Like

Police Intercept Vehicles, Arrest 15 Suspects Headed to Homa Bay

17 hours ago

UK Prime Minister urges ‘reflection’ after Cambridge professor’s death

16 hours ago

At Least 20 Killed in New Nigeria Violence: Lawmaker

16 hours ago

Iran Calls for Release of Pilots Captured in Qatar During Middle East War

16 hours ago

Pages

  • About us
  • News
  • Privacy Policy
  • sauce.co.ke

Find Us on Socials

sauce.co.kesauce.co.ke
Follow US
All rights reserved. A publication of Mercury Communications KE