The British billionaire Jim Ratcliffecandidate to buy Manchester United, plans to change its offer to eventually enter the club’s capital as a minority shareholder, the press reported on Monday evening. Ratcliffe, founder of chemical giant INEOS and owner in particular of OGC Nice (L1) and FC Lausanne-Sport (Swiss second division), is one of the two main candidates to buy the 20-time English champion club along with the Qatari banker Sheikh Jassim Bin Hamad Al Thani.
According to Sky News, Ratcliffe could now aim for a stake of around 25% in a proposal to end the laborious sale process, after initially wanting to make a majority takeover.
The long saga surrounding the takeover of the club has scepticism in the football world, with multiple offers tabled by Ratcliffe, a long-time fan, and Sheikh Jassim, but no progress has been made on a possible change of ownership since the Glazer family announced in November that they were willing to sell the club.
United’s valuation on the New York Stock Exchange fell last month following reports that the Glazers may not be selling after all. If he accepts this new offer, the American family will retain majority control of the club they bought in 2005, despite the apparent hostility of fans calling for his departure.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
