- Simon Stone
- BBC Sport
Sir Ratcliffe has made an offer to acquire a majority stake in Manchester United and does not want to buy the whole club.
It seems that the Ineos group of Sir Jim Ratcliffe has come close to winning the acquisition of Manchester United, after information that its offer is better in terms of value than that of Qatari Jassim bin Hamad Al Thani.
Sources familiar with the bidding process told BBC Sport that the Ineos bid, received just before 22:00 GMT on Friday, was the highest, for the stake being offered for sale.
According to the details of the offers, the Qatari Jassim wants to buy the entire club so that his share is 100 percent, and he offered about 5 billion pounds sterling, but the British businessman Ratcliffe only wants a controlling stake in the club.
Analysts initially thought Ratcliffe might be seeking to buy out the entire 69 percent stake of the Glazer family, which controls the club. However, reports indicated, during the past week, that he wanted a smaller stake in order to allow the Glazer brothers, Joel and Avram, to maintain some links with the club, and yet Ratcliffe’s ownership would not be less than 51 percent.
It is not unusual in such deals for the bidder trying to get a smaller lot to pay a higher percentage than the buyer who wants to buy the whole thing.
It is also understood that investment funds that have offered to buy a minority stake, i.e. less than 50 percent, have not been given the same purchase deadline as those looking to buy the whole club.
The ball is now in the court of the Glazer family, which owns the club, and it must decide how it will end the deal, especially after the “1958” group demanded on Sunday, during the Premier League match against Aston Villa at Old Trafford, that the “full sale of the club only takes place without the distribution of shares.” “.
Ratcliffe and Jasim are the two main rivals looking to take control of the club.
And the Glazers assessed their position with Sheikh Jassim’s single-digit offer that would go directly to the sellers.
The proposal also includes a plan to generate a significant amount of additional capital and infrastructure investment in the club.
The Glazers announced last November that the board had “authorized a comprehensive assessment of strategic alternatives”, including the sale of the club.
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