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Jun 15, 2023 · At first, the deadline was Easter. Then it was the end of the season. Some Manchester United fans will just be happy if a takeover of the club ever comes to fruition.
- Manchester United takeover news RECAP Sheikh Jassim 'makes ...
Some Manchester United fans will just be happy if a takeover...
- Manchester United takeover news RECAP Sheikh Jassim 'makes ...
Jun 14, 2023 · Some Manchester United fans will just be happy if a takeover of the club ever comes to fruition. It has been seven months since the club was put up for sale, and still there...
Jul 13, 2023 · Sheikh Jassim and the Qatari approach for Manchester United could move on to another Premier League side should their bid for the Old Trafford club not come to fruition.
- Overview
- Who actually runs Man Utd now?
- The Glazers are still 'in'
- Why did the deal take so long?
- Neville: How must Man Utd staff feel ahead of Ratcliffe arrival?
Sir Jim Ratcliffe has acquired 25 per cent of Manchester United and taken control of football operations.
An announcement finally came on Christmas Eve, bringing an end to 13 months of talks about a potential takeover of the Old Trafford club.
Ratcliffe is acquiring the interest for $33-a-share (£26) in a deal that "will include all aspects of the men's and women's football operations and academies" for his INEOS group, a statement said.
It is expected Sir Dave Brailsford - INEOS director of sport - and Jean-Claude Blanc - CEO of INEOS Sport and a former executive at Juventus and Paris St-Germain - will have seats on the Manchester United club board.
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Analysis from Sky Sports News chief reporter Kaveh Solhekol:
"We have finally got there, but where have we got to? It is a step into the unknown, because we have got a situation where somebody is buying 25 per cent of a football club - but he is getting control of football operations and the Glazer family is giving away 25 per cent of football operations, which in my mind is an admission of failure.
"They are basically saying, since Sir Alex Ferguson left we haven't done the business on the pitch, we've tried everything, we've backed managers, we have given them money - it hasn't worked out.
"Now these new people have come along, they are only going to own 25 per cent of the club, but we are going to give them control of football.
"In a way it suits the Glazers as well, because they can take a step back and they are hoping, if things go wrong on the pitch, they are not the ones that are going to be blamed, it is going to be Ratcliffe and INEOS who are going to be blamed.
"But already speaking to people about this deal over the last couple of days, they are saying to me how is this going to work?
"It is quite complicated, they are buying 25 per cent of the Class B shares owned by the Glazer family. Now these are super-voting shares, so although they only own 69 per cent of Manchester United, their shares come with voting rights, which means effectively they own 97 per cent of the club. They can make all the big decisions.
"Ratcliffe and INEOS have bought 25 per cent of those shares and they have also offered to buy 25 per cent of the Class A shares - they are the ones that are listed and traded on the New York Stock Exchange.
"They are offering $33 a share, which is around £26, the same that they are offering to the Glazers as well, and the Board is recommending the shareholders on the New York Stock exchange accept that offer of $33 a share because that is far more than they have been trading at.
"I think it's going to happen, it's going to take a while because it is going to have to go through the regulatory process at the New York Stock Exchange.
"It Is ging to have to go through a regulatory process at the Premier League which is going to take six to eight weeks.
"But those United fans who want the Glazers out, the Glazers are still in."
Ratcliffe's purchase of a 25 per cent stake in United comes more than a year after the Glazer family, which has controlled the club since 2005, began formally exploring a sale.
The Financial Times reported earlier on Sunday Ratcliffe's investment had been delayed by concerns about protections for minority shareholders.
These concerns have now been overcome, according to insiders.
The deal between the Glazers and Ratcliffe comes after months of negotiations with several potential buyers, including the Qatari businessman Sheikh Jassim bin Hamad al-Thani, who wanted to acquire full control of the club.
On the pitch, United have lost 13 matches in all competitions this season. Only in 1930-31 (16) have they ever lost more before Christmas in a campaign, a season in which they finished bottom of the top flight.
The 2-0 defeat at West Ham on Saturday left the club facing an uphill struggle to qualify for next season's Champions League.
Speaking after United's 2-0 defeat at West Ham, Gary Neville reflected on how the takeover will be affecting staff at the club, with changes expected once Ratcliffe and his team come in.
He told The Gary Neville Podcast: "I said this a few months ago, we know that there are new owners coming in and I said how must that make people inside the club feel?
"We know that the CEO has already left and gone early and you have heard all the reports coming out about what Jim Ratcliffe and Dave Brailsford are going to do.
"You can imagine how the atmosphere must be in there waiting for what will be the inevitable for probably 60 or 70 per cent of the staff. Can you imagine how they must feel? They must all feel, not undermined, they must all feel like 'let me get out of here quick'.
Feb 17, 2023 · Friday 17 February 2023 16:19, UK. Kaveh Solhekol gives his thoughts as it is expected that investors linked to Qatari royalty are set to bid for Manchester United. Who will bid for Manchester...
- Kaveh Solhekol
Nov 21, 2023 · The Glazer family’s search for new investors in Manchester United reaches the one-year mark on Wednesday, with boyhood fan Sir Jim Ratcliffe still poised to take a 25 per cent stake in the club...
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Feb 17, 2023 · The sale of Manchester United is set to reach its first important stage with the soft deadline for potential takeover proposals to be submitted coming on Friday.
