Ten Hag details meeting with Ratcliffe amid Man Utd bid
The Glazers and Sir Jim Ratcliffe are ‘close’ to an agreement with regards to a Manchester United takeover, reports say. It emerged on Friday the British billionaire had made the biggest bid for the club, despite interest from Sheikh Jassim. However, the Glazers are poised to remain at Old Trafford despite many wanting to see the back of the controversial Americans.
According to the Daily Record, Ratcliffe has submitted a ‘best of both worlds offer’ as he looks to buy United.
The Brit previously missed out on buying Chelsea and is determined to purchase the Red Devils, having long been a fan of the club.
It’s claimed Ratcliffe, after submitting his third bid for United on Friday evening, is now ‘close’ to agreeing a deal with the Glazers that would see him being the next owner of the club.
The Ineos chief is reportedly confident his latest offer will be accepted by the Glazers, who would stay at the club in a smaller capacity.
Ratcliffe’s ‘revised proposal’ would see Ineos ‘take over the running of the club’. They would also sanction transfers, do work on sports science and make improvements to both Old Trafford and the club’s Carrington training complex.
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Glazer siblings Avram and Joel would then ‘step down’ from their executive roles.
However, the controversial duo would ‘retain an inside seat to assess the effectiveness of the Infos-Led overhaul’.
In addition to that, the Glazers would be granted options to sell their remaining shares at a premium to the current bid price after the first and second years of the Ineos era.
However, they could also be allowed to ‘retain their minority ownership indefinitely’ as well.
Sheikh Jassim has also bid for United, with the Qatari billionaire having backing from figures such as Paris Saint-Germain president Nasser Al-Khelaifi and the Emir of Qatar, Tamim bin Hamad Al-Thani.
Should his own bid win out, then United will apparently be placed at the helm of a multi-club network.
Paris Saint-Germain and Sporting Braga would also be involved in that network, with Qatar Sports Investments looking to expand their European portfolio.
The Glazers have also been open to keeping control of the club and accepting minority investment instead.
Firms such as Elliott Investment Management and Carlyle Group have offered to provide funds for the Glazers.
But the report suggests Ratcliffe is now close to agreeing a deal and finally ending the takeover saga after months of uncertainty.
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