26 April 2023

Glazers could retain Man Utd stake under Jim Ratcliffe bid – reports

26 April 2023

Joel and Avram Glazer could remain stakeholders at Manchester United under a deal being proposed by prospective new owner Sir Jim Ratcliffe, according to reports.

British businessman Ratcliffe, founder and chairman of the INEOS Group, is among those to have expressed an interest in buying the Premier League club.

It has been reported that one of the options on the table for the American owners would see Ratcliffe take a controlling stake of more than 50 per cent, with the two Glazers retaining a combined 20 per cent.

Such a deal would not be welcomed by large sections of United’s support who have campaigned for the Glazers – whose leveraged buyout in 2005 plunged the club into huge debt – to quit Old Trafford.

American bank the Raine Group are facilitating the sale of the club, with Friday being the deadline for third bids to be submitted.

The Glazer family are considering either selling the club or bringing in external investment after announcing last November they were seeking “strategic alternatives”.

As well as Ratcliffe, a Qatari consortium – led by Sheikh Jassim bin Hamad al-Thani – and Finnish businessman Thomas Zilliacus have gone public in their ambition to complete a full takeover.

One other group known to be involved is American hedge fund Elliott Investment, which has made an offer for a minority stake, but it is unknown how many parties have entered the process.

It has been reported the Glazers value the club at £6billion.

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