- Sources close to the Ineos owner are confident of club’s approval
- Sheikh Jassim has withdrawn his 100% offer for the club
Manchester United’s board is expected to vote on Sir Jim Ratcliffe’s bid to buy a 25% share in the club for about £1.3bn in the coming days, with sources close to the Ineos owner confident his offer will be accepted.
Ratcliffe’s offer values United at £6.2bn, while the whole club is actually valued at about $3.2bn (£2.63m). It is thought that Sir Jim, who is one of Britain’s richest people, may have offered a premium price for his potential holding in exchange to gain sporting control of the club. If so, this would throw the future of the team and United’s football operations into doubt. Erik ten Hag is the manager and John Murtough, the football director.
Written by Jamie Jackson
This news first appeared on https://www.theguardian.com/football/2023/oct/15/manchester-united-board-set-to-vote-on-sir-jim-ratcliffes-bid-for-25-share under the title “Manchester United board to vote on Sir Jim Ratcliffe’s bid for 25% share”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.