Sir Jim Ratcliffes Ineos Sports could acquire a minority stake in Manchester United and leave the Glazer family in control 18 years after they bought it, Sky News learns; Ineos could spend in the region of £1.5bn if it was to acquire a quarter of Uniteds shares
Sir Jim Ratcliffe's Ineos Sports could acquire a minority stake in Manchester United and leave the Glazer family in control 18 years after they bought it, Sky News learns; Ineos could spend in the region of £1.
On the pitch, the men's team have had an indifferent start to the 2023/24 campaign, being beaten at home by Crystal Palace in the Premier League last weekend, and losing their first Champions League fixture of the season.One uncertainty on Monday evening related to the extent to which the Glazers and their advisers at Raine Group were engaged with Sir Jim on his minority stake proposal.
Bloomberg News reported last week that Ineos was looking to restructure its bid without specifying details of how this would be achieved. The Monaco-based billionaire, who owns the Ligue 1 side Nice, had been focused on gaining control of Manchester United, meaning that switching his offer to a minority deal would represent a significant shift.
Sheikh Jassim's bid is reported to remain on the table, and the convoluted nature of the strategic review initiated by the Glazers late last year means that a revised proposal from the Middle East cannot entirely be ruled out. United's New York-listed shares have gyrated wildly in recent months as reports have suggested that either a deal is close or that the Glazers were about to formally cancel the sale process.Earlier this year, Manchester United's largest fans' group, the Manchester United Supporters Trust, called for the conclusion of the auction"without further delay".
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