Billionaire & British businessman Jim Ratcliffe, owner of Ineos and OGC Nice in France, is reportedly preparing a fresh takeover bid for Manchester United.
According to reports from Bloomberg, Ratcliffe aims to address concerns regarding the terms of his upcoming offer. Earlier this year, Ratcliffe had presented a proposal to acquire 69% of the shares of Manchester United, which are currently owned by the Glazer family.
The Glazers had officially put the English club up for sale for months, sparking interest from potential buyers.
One critical aspect that had not been previously discussed in the negotiations was the fate of minority shareholders within the acquisition group. Notably, this group includes investors such as Lindsell Train, Ariel Investments LLC, and Eminence Capital. Ratcliffe will need to reconfigure the terms of his offer through discussions with all relevant stakeholders.
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Furthermore, according to Bloomberg, a consortium of Qatari investors led by Sheikh Jassim bin Hamad al-Thani remains in the running for the acquisition, which could potentially be one of the largest transactions ever witnessed in the world of sports.
The saga surrounding the potential takeover of Manchester United continues to unfold, with multiple parties vying for ownership of the iconic football club.
