Manchester United
Man Utd takeover: Glazers and Ratcliffe “agree on a win-win deal,” according to a finance expert who has “new details.”
The Glazer family has allegedly “agreed the mother of all deals” with Manchester United bidder Sir Jim Ratcliffe, according to financial analyst Kieran Maguire.
The giants of the Premier League have been available since the conclusion of the previous year. INEOS CEO Ratcliffe, who already owns Ligue Un team OGC Nice, instantly showed interest in purchasing Manchester United after missing out on Chelsea.
Sheikh Jassim of Qatar was running against Ratcliffe, but he eventually dropped out because he was only ever interested in a complete takeover.
The British was initially eager to accomplish a full takeover, but he was willing to modify the terms of his offer. In the end, he decided to purchase a 25% stake for about £1.25 billion.
Ratcliffe is finalizing this agreement with the intention of joining Manchester United as a majority shareholder in a few years, but he will assume immediate managerial duties at Old Trafford.
John Murtough is anticipated to leave the company in the same manner as Richard Arnold, and the new United shareholder is already implementing changes behind the scenes.
As of right now, Maguire has provided Football Insider with “new details” regarding this agreement, which effectively grants the Glazers a “get-out-of-jail-free card.”
Maguire told Football Insider, “Handing over sporting control is a get-out-of-jail-free card for the Glazers.” “Because they can now claim that they are not the issue if things don’t work out on the field.
“They will hand that duty on to Sir Jim Ratcliffe. If things on the field go well, the club’s worth will rise and they will still own a sizable portion. Thus, the Glazers benefit from the agreement.
“We are aware that they have already taken advantage of Manchester United considerably through dividend payments and small share awards throughout the years. All this will do is increase their fortune. Furthermore, they continue to hold a sizable stake in one of the most well-known brands in international sports.
In the meantime, Nice head coach Francesco Farioli has stated that working with Ratcliffe “there is always an open door.”
“I find it beneficial to hear diverse viewpoints and opinions, therefore I like to listen to the criticism I get. I’m free to make decisions on the field after that,” Farioli said to The Telegraph.
“There’s always an open door in other areas, more medium- and long-term in nature. We have sporadic, daily or weekly talks and exchange opinions.
“But we also review everything with all the stakeholders once a month at the club, including the strategy, the present, and the future.”
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