Sir Jim Ratcliffe's bid to own 25% of Manchester United has been delayed again after the Glazer family put breaks on the deal.
The British billionaire is on the verge of buying a minority share in the club for £1.4billion after his only competitor, Sheikh Jassim, withdrew from takeover talks. A deal with the Glazers was expected to finalised this week, but the American owners still want to iron out a number of important factors before signing off on it, according to The Telegraph.
Sources close to talks maintain that the deal will be sealed over the next fortnight. However, a club insider says nothing is likely to be finalised until the start of next month.
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Ratcliffe has made it clear he wants to be in charge of all football operations and will look to bring in a number of individuals to help him with the day-to-day running of the club. This means that the positions chief executive Richard Arnold and director of football John Murtough could be under threat.
There are 12 people on the United board who will vote on the Ratcliffe offer, but the decision will ultimately rest with the Glazers themselves. The American owners currently control 69% of the club's shares, but have 96% of the voting rights due to the complicated dual share structure.
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The Glazers have been dragging their feet since putting United up for sale in November last year, hoping that the delay might prompt Ratcliffe or Sheikh Jassim into upping their offers. Ultimately their valuation of the club was never met, but Ratcliffe's bid for a minority share, with a view to majority ownership in the future, apparently suited them.
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Ratcliffe, who grew up supporting United, is keen to get the deal over the line as quickly as possible in order to put in charge of football operations in time for the January transfer window.
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