The MUFC Takeover saga, which has dragged on for close to a year, is now finally nearing its end. An agreement has been reached, between Sir Jim Ratcliffe and the Glazers, which could be finalized, and signed, sealed, delivered as early as in the next few days.
Much to the chagrin of many a MUFC supporter however, this outcome would see the Glazers remain on in a majority ownership role.
? Sir Jim Ratcliffe expected to have control of football/sporting operations once vote of 25% minority stake will be confirmed.
Key days ahead for Manchester United future as process will enter final stage. pic.twitter.com/aiW2kivaMg
— Fabrizio Romano (@FabrizioRomano) October 15, 2023
Various trusted media outlets have this report, so it is going to happen, and we this time, we actually mean it.
Ratcliffe, the billionaire CEO of chemical giant INEOS, has reached an agreement to acquire a 25% stake from the Glazer family, who own 69% of the club.
This is a very unique deal though in this regard- Ratcliffe will pay an inflated above the market price in order to have control over specific decision-making processes.
Typically, those who acquire minority investment shares will not have such powers.
Paul M. Banks is the owner/manager of The Sports Bank. He’s also the author of “Transatlantic Passage: How the English Premier League Redefined Soccer in America,” and “No, I Can’t Get You Free Tickets: Lessons Learned From a Life in the Sports Media Industry.”
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