Sir Jim Ratcliffe’s partial Man United takeover is expected to be announced TODAY
It’s arguably the news that many Man United fans have been waiting over a year for, and it seems that Sir Jim Ratcliffe’s partial takeover of the club will finally be announced today. After months of negotiations and a protracted bidding process, the end is almost here, bringing to a close a fraught 13 months […]
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It’s arguably the news that many Man United fans have been waiting over a year for, and it seems that Sir Jim Ratcliffe’s partial takeover of the club will finally be announced today.
After months of negotiations and a protracted bidding process, the end is almost here, bringing to a close a fraught 13 months or so.
Jim Ratcliffe's 25% stake in #MUFC will finally be announced today. Standby for more in the coming hours… pic.twitter.com/20Qq3L7eun
— Ben Jacobs (@JacobsBen) December 24, 2023
The hard work will begin once the official announcement is made of course, given that there is an awful lot of work that Sir Jim and his INEOS staff will need to get their claws into.
Before any decisions are made, some further due diligence will surely be required in order to understand exactly what areas of the sporting side of the business should be tackled first.
There’s an inherent need to sort out the standard of playing staff in the first-team, but that may need to be parked until at least the summer whilst other areas are worked on.
One issues that the long-suffering Old Trafford faithful are unlikely to be happy with is that it appears that, contrary to earlier reports, the Glazer family do not have an obligation to exit the business in a defined period.
Understand there is no guaranteed Glazers exit as part of the INEOS deal. There will be options for an increased stake, with Ratcliffe stating when the process began he wanted a “majority”. But there is no ‘obligation’ for Glazers to sell entirely. https://t.co/i5zgfooDNX
— Ben Jacobs (@JacobsBen) December 24, 2023
For all intents and purposes, Sir Jim’s deal, if journalist, Ben Jacobs is correct, would allow representatives from the family to stay on board.
The post Sir Jim Ratcliffe’s partial Man United takeover is expected to be announced TODAY appeared first on CaughtOffside.