Glazers Set To Choose Sir Jim Ratcliffe In Man United Sale?
Reported by Dan King and Martin Lipton of The Sun, Sir Jim Ratcliffe is The Glazers preferred bidder in the sale of Manchester United.
The news broke late last night that the CEO of Ineos was ahead in the race to buy the club.
It has been reported that Sir Jim’s bid will allow Joel and Avram Glazer to remain at the club with a 20% stake.
The Manchester born Ratcliffe is set to buy half the club leaving the other 30% for shareholders on the New York stock exchange.
It is also suggested that after three years, Ratcliffe will buy the rest of the club from The Glazers for around £700m.
In addition, Richard Arnold and John Murtough are expected to be relieved of their duties as CEO and Director of Football respectively.
The Glazers are reported to be welcome to the idea of staying on in some capacity and prefer that to the full sale that Qatar’s Sheikh Jassim has offered.
A report from ESPN early yesterday suggested that Jassim is keen to involve key figures from Man United’s past successes in the running of the club, with the ’99 treble winners and ’08 double players being considered.
A full sale is what the majority of Manchester United fans have wanted since The Glazers bought the club in 2005.
The final round of bids were submitted by Friday 28th April.
Nothing has been confirmed or announced by the club as of yet.
Stay tuned of United Flying High for the all the latest on the final stretch of this race.
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