{"id":8479,"date":"2023-11-10T19:22:45","date_gmt":"2023-11-10T16:22:45","guid":{"rendered":"https:\/\/wikidollar.net\/8479\/sir-jim-ratcliffes-man-united\/"},"modified":"2023-11-10T19:22:46","modified_gmt":"2023-11-10T16:22:46","slug":"sir-jim-ratcliffes-man-united","status":"publish","type":"post","link":"https:\/\/wikidollar.net\/?p=8479","title":{"rendered":"Sir Jim Ratcliffe&#8217;s Man United deal close &#8211; source"},"content":{"rendered":"<p>Sir Jim Ratcliffe&#8217;s Man United deal close &#8211; source\u060c<\/p>\n<div>\n<div class=\"article-meta\">\n<ul class=\"authors\">\n<li class=\"mugshot-shown\">\n<div class=\"author-img\"><\/div>\n<p>Rob Dawson, correspondent<span class=\"timestamp \">November 10, 2023, 9:50 a.m.<\/span><\/p>\n<\/li>\n<\/ul>\n<\/div>\n<p>Manchester United and Sir Jim Ratcliffe hope to announce their partnership during the international break, a source has told ESPN.<\/p>\n<p>British billionaire Ratcliffe, chairman and chief executive of chemical company INEOS, is set to buy a 25% stake in the club for around \u00a31.25 billion.<\/p>\n<p><strong>&#8211; Stream on ESPN+: LaLiga, Bundesliga, more (US)<\/strong><\/p>\n<p>Sources told ESPN the deal would also give Ratcliffe some influence over the <a class=\"wpil_keyword_link\" href=\"https:\/\/wikidollar.net\/tag\/football\/\"   title=\"football\" data-wpil-keyword-link=\"linked\">football<\/a> side of the business.  Sir Dave Brailsford, director of sport at INEOS, is expected to be heavily involved.<\/p>\n<p>It&#8217;s been almost a year since United&#8217;s American owners, the Glazer family, announced they were considering selling the club.<\/p>\n<p>Ratcliffe and Qatari businessman Sheikh Jassim Bin Hamad Al Thani have both submitted bids for a full takeover worth around \u00a35bn.<\/p>\n<p>But neither offer was accepted by the Glazers and they are instead expected to reach a deal with Ratcliffe that will allow them to retain their majority stake.<\/p>\n<aside class=\"inline inline-photo full\">\n<figure><picture><source data- media=\"(min-width: 376px)\"><source data- media=\"(max-width: 375px)\"><img class=\" lazyload lazyload\" data-image-container=\".inline-photo\" height=\"320\" width=\"570\"\/><\/source><\/source><\/picture><figcaption class=\"photoCaption\">Sir Jim Ratcliffe is set to invest funds to improve <a class=\"wpil_keyword_link\" href=\"https:\/\/wikidollar.net\/tag\/man\/\"   title=\"Man\" data-wpil-keyword-link=\"linked\">Man<\/a> United on and off the pitch. <cite>Photo by Peter Byrne\/PA Images via Getty Images<\/cite><\/figcaption><\/figure>\n<\/aside>\n<p>Supporters are staging a demonstration ahead of Saturday&#8217;s Premier League match against Luton Town at Old Trafford to protest the Glazers&#8217; decision to remain in charge.<\/p>\n<p>Sources told ESPN that Ratcliffe hopes to increase his stake to eventually become a majority shareholder, but the timeline for the 71-year-old to acquire more shares is unclear.  The Glazers have been deeply unpopular owners with fans since their leveraged buyout in 2005.<\/p>\n<p>A source told ESPN that once Ratcliffe becomes a shareholder in United, he would be willing to invest additional funds to improve both Old Trafford and the club&#8217;s Carrington training ground.<\/p>\n<p>INEOS creditors were assured that Ratcliffe&#8217;s involvement in United would come from his personal wealth rather than company funds.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sir Jim Ratcliffe&#8217;s Man United deal close &#8211; source\u060c Rob Dawson, correspondentNovember 10, 2023, 9:50 a.m. Manchester United and Sir Jim Ratcliffe hope to announce their partnership during the international break, a source has told ESPN. British billionaire Ratcliffe, chairman and chief executive of chemical company INEOS, is set to buy a 25% stake in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8480,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[2890,442,1376,32,1906,1551,811,29],"class_list":["post-8479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-sports","tag-close","tag-deal","tag-jim","tag-man","tag-ratcliffes","tag-sir","tag-source","tag-united"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/8479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8479"}],"version-history":[{"count":1,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/8479\/revisions"}],"predecessor-version":[{"id":8481,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/8479\/revisions\/8481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/media\/8480"}],"wp:attachment":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}