Man United fan group seeks clarity as Ratcliffe reportedly nears 25% stake
A leading Manchester United fans’ group called on Sunday for clarity on the future of the English giants amid speculation British billionaire Jim Ratcliffe is set to take a minority stake in the club.
United’s owners, the American Glazer family, announced nearly a year ago that they were exploring “strategic alternatives to enhance the club’s growth”, with a full sale one of the options.
Qatari banker Sheikh Jassim Bin Hamad Al Thani withdrew his attempt to buy the 20-time English champions, a source close to the bid told AFP on Saturday.
Ratcliffe was the other frontrunner during several rounds of bidding, but no offer has yet met the £6 billion ($7.2 billion) valuation put on the club by the Glazers.
Founder of petrochemicals giant Ineos, Ratcliffe will now settle for a 25 percent stake for around £1.3 billion the BBC said on Sunday.
Ineos will reportedly seek to take control of the sporting side of United’s bu
Leave a Comment
More in News
David Moyes ‘Surprised’ by Controversial Penalty Overturn in Everton’s 2-2 Draw with Manchester United, as Ruben Amorim Criticizes Players for Slow Start
Unai Emery Hails ‘Fantastic’ Marcus Rashford, Emphasises Support in Aston Villa Loan Spell
Chelsea Director Jonathan Goldstein Backs Enzo Maresca, Insists Manager is ‘100%’ Safe
Arne Slot Criticizes Darwin Núñez’s Reaction To Missed Chance
Manchester United’s Financial Woes Deepen as Ten Hag and Ashworth Sackings Cost £14.5m Amid Revenue Decline
Trending on Futbol Chronicle
What does LM mean in soccer
Why do teams have FC in their name
What does FC and CF mean in soccer
Should You Look at the Soccer Ball When Shooting?
