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