Latest on man utd takeover

Sir Jim Ratcliffe has agreed to take a 25 per cent stake latest on man utd takeover Manchester United. It is not only the Qatari-backed takeover bid for Manchester United that had been generating controversy. Multi-club ownership has been thrust into the limelight with Jim Ratcliffe, who owns Nice, and his fresh attempts to acquire Manchester United.

Bringing you all the latest Manchester United takeover news as it happens. The Glazers are heavily linked with selling Manchester United at long last after their unwanted acquisition of the club back in And it was quite a wait. Would-be bidders …. Sir Jim Ratcliffe has had a good week at Manchester United with a double approval for his investment in Manchester United. It was back on …. Ever since the Glazer family took a controlling ….

Latest on man utd takeover

Please use Chrome browser for a more accessible video player. 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. The deal, which comes amid a torrid season for United on the pitch, is still to be approved by the Premier League - a process expected to take between six and eight weeks. There is no formal agreement for Ratcliffe to buy any of the Glazers' shares in the future but the Ineos chairman has the right of first refusal on any they sell in the future. Through Ratcliffe's INEOS Sport, United said they "will have access to seasoned high-performance professionals, experienced in creating and leading elite teams from both inside and outside the game". Ratcliffe is aiming to have big say in how United is run before the transfer window opens in January, with Paul Mitchell in line to become the club's new sporting director, a role he currently performs at Monaco, having headed up recruitment at Southampton, Tottenham and RB Leipzig. Sky Sports News understands Erik ten Hag's position as head coach is not under immediate threat, but the Dutchman knows results need to improve. The redevelopment will be financed personally by the billionaire and will not add to Manchester United's existing borrowings. Sir Jim Ratcliffe: "As a local boy and a lifelong supporter of the club, I am very pleased that we have been able to agree a deal with the Manchester United Board that delegates us management responsibility of the football operations of the club.

In the last 6 hours. But what would his investment in United mean for the team on the French Riviera?

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Manchester United have been on the market since November - but things are finally starting to heat up in the race to acquire one of football's biggest institutions. Qatari banker Sheikh Jassim bin Hamad Al Thani and British billionaire Sir Jim Ratcliffe have both progressed to the next stage of the takeover process after submitting proposals last month. However, the duo have now been joined by a 'mystery third bidder' who will also hold talks with the club hierarchy at Old Trafford over the next fortnight. Although there is plenty of interest in a deal for the club and progress has seemingly been made, there are still lingering concerns over the Glazer family. It is believed that the majority of the family are happy to sell up, but Avram and Joel are dragging their feet over sanctioning a full-scale sale which could scupper a takeover being completed. With things heating up, stick with Mirror Football for all the latest updates on the Manchester United takeover Here's our report.

Latest on man utd takeover

Transfer Centre. Plus: Man Utd boss Erik ten Hag has made an "express request" to club chiefs to sign Fiorentina midfielder Sofyan Amrabat; Arsenal striker Folarin Balogun is keen on a move across London to join Chelsea; Tottenham are considering offers for defender Eric Dier amid interest from Fulham. Please use Chrome browser for a more accessible video player.

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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. Has a dangerous can of worms been opened and is there a scenario where four or five major conglomerates end up owning all of football? And it was quite a wait. Don't miss a move! Back to top Home News Royals U. Read more below. Ratcliffe isn't happy about this. Follow Mail Sport's live blog as we provide you with the latest and breaking news on Sir Jim Ratcliffe 's Manchester United takeover as he finally get green light to become owner of 25 percent of the club. We welcome the investment from a boyhood red, Sir Jim Ratcliffe and his INEOS company, but many will wish his ownership stake was greater than the initially rumoured 25 per cent. It is not only the Qatari-backed takeover bid for Manchester United that had been generating controversy. Share or comment on this article: Man United takeover RECAP: Latest news and updates as Sir Jim Ratcliffe speaks in length to the press for the first time since receiving the green light to purchase 25 percent of Manchester United e-mail. We would want to help lead this next chapter, deepening the culture of English football by making the club a beacon for a modern, progressive, fan-centred approach to ownership. Multimedia Multimedia. NewsNow aims to be the world's most accurate and comprehensive Manchester United takeover news discovery platform, bringing you the latest Man Utd takeover headlines from the best football sites and other key national and international news sources. Our writer Matt Slater looks at the key points from that book

Please use Chrome browser for a more accessible video player. Sir Jim Ratcliffe has acquired 25 per cent of Manchester United and taken control of football operations.

Sir Jim Ratcliffe speaks for first time following 25 percent purchase of Manchester United! Earlier iterations of Ratcliffe's offers for the club, which focused on gaining outright control, included put-and-call arrangements that would become exercisable three years after a takeover to enable him to buy out the remainder of the club's shares. Stick with us for all the reaction to the news. Part of the Glazers' justification for attaching such a huge valuation to the club resides in the possibility of it gaining greater control in future of its lucrative broadcast rights, alongside a belief that arguably the world's most famous sports brand can be commercially exploited more effectively. Raine Group co-founder explains final conversation with Sheikh Jassim group, whether Glazers made right decision with Ineos March 12, Our writer Matt Slater looks at the key points from that book Feb 21, Several other key questions remain about United's future ownership, including whether Ratcliffe will ultimately seek overall control of the club. Ladies and gentlemen, meet Sir Jim Ratcliffe. Jan 10, We will see. The redevelopment will be financed personally by the billionaire and will not add to Manchester United's existing borrowings.