{"id":1271,"date":"2023-10-15T16:57:29","date_gmt":"2023-10-15T13:57:29","guid":{"rendered":"https:\/\/wikidollar.net\/1271\/sir-jim-ratcliffe-set-buy-25-stake-manchester-united-sources\/"},"modified":"2023-10-15T16:57:29","modified_gmt":"2023-10-15T13:57:29","slug":"sir-jim-ratcliffe-set-buy-25-stake-manchester-united-sources","status":"publish","type":"post","link":"https:\/\/wikidollar.net\/?p=1271","title":{"rendered":"Sir Jim Ratcliffe set to buy 25% stake in Man United – sources"},"content":{"rendered":"

Sir Jim Ratcliffe set to buy 25% stake in Man United – sources\u060c<\/p>\n

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British billionaire Sir Jim Ratcliffe is set to acquire a major stake in Manchester United, which would allow his INEOS team to have “sporting influence” at Old Trafford, sources have told ESPN.<\/p>\n

A source with knowledge of the process told ESPN that Ratcliffe was “more savvy in executing his deal” than his rival Sheikh Jassim, a Qatari billionaire who on Saturday withdrew his interest in buying United after failing to negotiate a complete takeover of the club from their American owners, the Glazer family.<\/p>\n

– Stream on ESPN+: LaLiga, Bundesliga, more (US)<\/strong><\/p>\n

Sheikh Jassim’s exit from the takeover race for the 20-time English champions has paved the way for Ratcliffe, the founder of chemical company INEOS, to strike a deal to acquire a 25% stake from the Glazers, who own 69 % of the club. The remaining shares are owned by small investors on the New York Stock Exchange.<\/p>\n

Under the deal, Ratcliffe, 70, is willing to pay an inflated price in exchange for control of certain decisions, which would not typically be guaranteed by a minority investment.<\/p>\n

Ratcliffe, according to one source, is prepared to pay between \u00a31.3 billion ($1.576 billion) and \u00a31.5 billion for the stake, despite United’s current market value sitting at around 2,000,000. \u00a36 billion.<\/p>\n

The deal, which could be signed as soon as this week<\/a>, would ensure the Glazers retain a majority stake.<\/p>\n

This is likely to upset a large portion of United<\/a> fans who have been eager to see the family, which also owns the Tampa Bay Buccaneers, commit to a full sale.<\/p>\n

However, sources have told ESPN that purchasing shares from Ratcliffe would be the first step in a proposal to eventually take full control of the club.<\/p>\n