Sir Jim Ratcliffe’s purchase of a 25 per cent stake in Manchester United is due to be announced later on Christmas Eve, according to a report.
Confirmation of the investment by the 71-year-old’s Ineos Group would end a saga which has lasted more than a year.
Sky News has reported that a deal is set to be announced, 13 months after the club’s United States-based owners the Glazer family revealed their intention to undertake a strategic review of their options, including the possibility of selling up.
Manchester United v Leicester City – Premier League – Old Trafford
Ratcliffe and Qatari businessman Sheikh Jassim were both in the running to oversee a buyout of the club until October.
Sheikh Jassim withdrew his bid for full control of the club on October 14, with Ratcliffe’s focus shifting to taking a significant minority stake.
Ratcliffe’s Ineos Group is expected to pay in the region of £1.25billion for the share purchase, while also acquiring significant control over footballing operations.
It has also been reported that Ratcliffe is prepared to invest a further £245million to improve the club’s ageing infrastructure.
Lepbknosty
0
if united is looking for a manager you should go for Xabi Alonso
Sihdkloy
1
Hello
Mamdnstuyz
0
What is Radcliffe talking about? Manu should be at the top irrespective of their performances. He MUST mean when they deserve it based solely on their hard work and discipline.
docabklnt
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A smoke screen
manofafrica
0
man u giving another free Christmas gift but this time not 3 points
Hanadklnor
1
This guy give Manchester united hope but nothing can stop Manchester united from losing the game because of bad tactics in the pitch
mudbdiklp
2
25 per cent you are nothing sir you just bought shares
Kesadlor
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are you sure? not next week?
Fitcenpuy
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Esh den hag will be sack very soon if dis deal goes tru an will have a couch wid no direction
loodlpsuyz
1
no need
SonicSynchro
4
wishing all the best and Merry Christmas to Manchester United