Ratcliffe set for Manchester United minority stake agreement 

Sir Jim Ratcliffe’s deal to become a minority shareholder in Manchester United is expected to be agreed during this month’s international break, possibly as early as next week.

It is expected Ratcliffe’s Ineos Group will pay around £1.25bn to buy 25%.

United’s owners the Glazer family announced on November 22, 2022 they were considering selling the club.

Ineos and Qatari banker Sheikh Jassim bin Hamad Al Thani both made offers, tabling bids of around £5bn.

However, neither bidder was willing to reach the Glazer family’s valuation, with co-chairs Joel and Avram Glazer both known to be reluctant sellers.

Sheikh Jassim withdrew from the process last month, claiming his final bid, thought to be double United’s $3.2bn (£2.64bn) stock market valuation, had not met the Glazers’ demands.

Ratcliffe had already amended his initial plan to buy the Glazers’ 69% shareholding and reduced it to a ‘majority’ stake.

BBC