Sir Jim Ratcliffe is on the verge of finalizing a £1.3 billion agreement to acquire a 25% stake in Manchester United after triumphing over Sheikh Jassim bin Hamad Al Thani of Qatar in the Glazer family’s strategic review. Despite missing out on a complete buyout, Sheikh Jassim might turn his attention to another major European club soon.
When the Glazers started exploring alternative funding options last November, Sir Jim and Sheikh Jassim emerged as the primary contenders in the process. The Qatari bid fell through as the Glazers were persuaded to sell the club entirely for around £5 billion, paving the way for Sir Jim and INEOS to step in.
Expected to pay a significant sum for a minority share, Sir Jim, aged 71, will reportedly gain unrestricted sporting control as part of the deal. The official announcement of Sir Jim’s and INEOS’ involvement is anticipated early next week, signaling the commencement of a new phase at Old Trafford.
While there are plans for a gradual takeover, those hoping for a complete sale to remove the Glazers from the club might be disappointed. Moreover, Sheikh Jassim’s potential interest in investing in another team could further complicate matters, considering the substantial investment he had initially promised for Manchester United.
Sheikh Jassim, previously a bidder for Manchester United, is reportedly open to investment discussions as Jim Ratcliffe finalizes his deal.
