The lifelong Red Devils enthusiast has proposed approximately £1.4 billion for Ineos Group to acquire a minority share. This proposal will undergo board discussion this week following Sheikh Jassim’s withdrawal from a £5 billion complete acquisition. Ratcliffe is growing increasingly optimistic about securing the initial phase of a potential buyout.
Notably, Old Trafford legend Gary Neville recently posed 16 questions regarding Ratcliffe’s prospective ownership stake. Meanwhile, the Manchester United Supporters’ Trust has accused the Glazer family, who own the club, of prioritizing their interests over those of the fans. If Ratcliffe assumes control of the sports aspect, it could partially alleviate the concerns of disgruntled supporters.
Under the preliminary arrangement, the Glazers would continue to oversee the club’s commercial operations. Ratcliffe and his team acknowledge the challenges associated with renovating and potentially expanding the aging Old Trafford but consider the primary focus should be on enhancing on-field performance.
Despite a substantial investment from manager Erik ten Hag during the summer, Manchester United has suffered six losses in their first 11 matches across all competitions. They currently occupy the tenth position in the Premier League and are at the bottom of their Champions League group.
Ineos Group, led by British entrepreneur Ratcliffe, already holds stakes in various sports teams worldwide, including football clubs Nice and Lausanne. They firmly believe that their ideas will rejuvenate and elevate Manchester United, and they aspire to have their initial investment pave the way for a comprehensive takeover.
Nevertheless, Neville and the MUST are urging for transparency in the decision-making process. It has been nearly 11 months since the Glazers first expressed their willingness to explore the possibility of selling the club.
Manchester United performance and stats
Manchester United
Manchester United is currently 10th in the Premier League with 12 points.
In the last 8 games, it has won 4 times and lost 4 times. In its last match, Manchester United won 2-1 against Brentford.
It has a negative goal difference after scoring 9 goals and conceding 12.
Manchester United will play the next match in Premier League against Sheffield United on Sunday 22nd of October in Sheffield.
