{"id":289989,"date":"2023-10-04T09:26:18","date_gmt":"2023-10-04T09:26:18","guid":{"rendered":"https:\/\/sportsloveme.com\/?p=289989"},"modified":"2023-10-04T09:26:18","modified_gmt":"2023-10-04T09:26:18","slug":"jim-ratcliffe-makes-glazers-takeover-promise-as-sheikh-jassim-left-in-cold","status":"publish","type":"post","link":"https:\/\/sportsloveme.com\/soccer\/jim-ratcliffe-makes-glazers-takeover-promise-as-sheikh-jassim-left-in-cold\/","title":{"rendered":"Jim Ratcliffe makes Glazers takeover ‘promise’ as Sheikh Jassim left in cold"},"content":{"rendered":"

Ten Hag backs Onana despite more struggles in Man Utd defeat<\/h3>\n

Sir Jim Ratcliffe has made a promise to the Glazer family that could prove pivotal in his attempts to complete a Manchester United takeover, according to reports. The British billionaire is plotting a move that could leave Sheikh Jassim bin Hamad Al Thani with little option but to increase his bid for a 100 per cent sale.<\/p>\n

According to The Telegraph, Ratcliffe is exploring alternative investment options to eventually inherit control at Old Trafford.<\/p>\n

One of which is a pursuit of just a 25 per cent stake as the INEOS chief looks to use flexibility to gain the upper hand on Sheikh Jassim, who boasts more financial might.<\/p>\n

However, the Qatari banker has remained firm on his full sale or no deal stance, which could play in Ratcliffe’s favour.<\/p>\n

The report claims that Ratcliffe has promised the Glazers that he can be deft in his approach to overcome potential hurdles in such a significant deal.<\/p>\n

The Glazers are said to remain open-minded to different options and haven’t yet decided the route they will go down, but talks are in ‘good health’.<\/p>\n

They have allegedly continued ‘multi-layered’ talks with different parties, including those also seeking minority investment.<\/p>\n

READ MORE <\/strong> Paul Scholes ‘worried’ about Raphael Varane as Red Devils’ season worsens[QUOTES] <\/strong><\/p>\n

<\/p>\n

Ratcliffe joins Elliott Management, Carlyle Group Inc., Sixth Street Partners and Ares Management Corp in eyeing a deal that would allow the Glazers to retain control at Old Trafford.<\/p>\n

The reports have, unsurprisingly, gone sourly among United fans, who are desperate for the neglectful American family’s 18-year reign to end.<\/p>\n

The Glazers own around 69 per cent of United, with Joel and Avram Glazer acting as the club’s co-chairmen with the biggest say in decisions.<\/p>\n

Joel and Avram are reportedly the most reluctant to walk away from the Red Devils, causing a split between the six Glazer siblings atop the United hierarchy.<\/p>\n

The rest is spread across multiple stakeholders who own shares listed in New York. They will undoubtedly have been kept informed of developments in the ongoing process.<\/p>\n

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<\/p>\n

Ratcliffe is said to have stuck with the value of his bid in the process’ third round, worth just over \u00a35billion.<\/p>\n

It was initially more than Sheikh Jassim offered before the Qatari royal returned to the negotiation table with fourth and fifth bids, most recently in June.<\/p>\n

The Glazers reportedly set their asking price at \u00a36bn, but there are lingering suggestions that their opposition has recently strengthened due to the money Saudi Arabia is pumping into football.<\/p>\n

There is a claimed belief around the family that United could be worth as much as \u00a310bn in coming years, which may make Ratcliffe’s staggered approach attractive in the meantime.<\/p>\n

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

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