THE GLAZERS are finally ready to sell Manchester United – with Sir Jim Ratcliffe as the preferred bidder.
Ratcliffe and its petrochemical giant Ineos are engaged in a protracted bidding war with Qatari banker Sheikh Jassim bin Hamad al-Thani for ownership of Britain’s biggest football club.
A major complication over the course of the five-month process THREE Key to the bidding rounds was the growing desire of co-chairs Joel and Avram Glazer to remain at the club.
With the Glazers’ chosen dealmaker, US-based Raine Group, expected to confirm the “winning” offer within days, SunSport believes Ratcliffe is the preferred partner.
And that would mean an imminent exodus of the rest of Old Trafford’s senior management, including CEO Richard Arnold – but not the two Glazer siblings.
Old Trafford insiders have suggested the Glazers would rather sell majority control to Ratcliffe’s Ineos Sport than sell the entire club to Sheikh Jassim.
While Sheikh Jassim’s £5billion bid for full control was the highest sum offered, Sir Jim and Ineos’ deal valued the entire club at over 50 per cent at a price closer to the £6billion the Glazers were asking for. pounds lay.
And the Ineos deal allows the two Glazers to keep their shares while the four other siblings cash out their shares.
A number of American financial institutions have also made bids to buy minority stakes in the club, which could allow the Glazers to retain control AND Funding improvements to Old Trafford Stadium and Carrington Training Ground.
Now, however, a partial takeover led by Ratcliffe appears to be the preferred option.
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fan groups like that Manchester United The Supporters’ Trust advocates an immediate outright sale to sever all ties with the American family. Some are frustrated that Ineos’ offer would allow Joel and Avram to stay.
Sky News reported that Ratcliffe’s latest offer includes clauses that would allow him a 100 per cent takeover of United just three years after his takeover.
Looking back, however, the first casualties of a revolution at Old Trafford could well be CEO Arnold and other senior executives.
When football clubs change hands, there are often major changes at the top, but these can lead to major problems.
If Chelsea After the company was sold last year, they soon lost the expertise of Managing Director Marina Granovskaia, Chairman Bruce Buck and Technical and Performance Advisor Petr Cech.
Consortium front man Todd Boehly Having appointed himself interim sporting director but later spent £600m on players, the Blues remain in the bottom half of the Premier League table.
Arnold succeeded Ed Woodward as United supremo last season.
Along with interim manager Ralf Rangnick, Arnold pushed ahead with the appointment Eric ten Hag in front of competing candidates like Mauricio Pochettino.
Although United have improved on the pitch under Ten Hag, Arnold and some of his veteran colleagues are expected to retire when new owners arrive.