Manchester United have been up for sale since November 2022, and a resolution might finally be nearing
(Image credit: Getty Images)
The Manchester United ownership situation could take a fresh turn in the near future, after one prospective candidate has grown tired with the Glazer family failing to progress in negotiations over a potential sale.
The Glazers announced in November 2022 they were considering selling the club as part of "exploring strategic alternatives". Given the family’s almost unanimous unpopularity with the club’s fanbase, the news was greeted favourably, to put it mildly.
Sir Jim Ratcliffe's Ineos Group and Qatari Sheikh Jassim bin Hamad Al Thani both submitted offers to take control of Manchester United, with the former seeking a majority stake while the latter wanted 100 per cent ownership.
Sir Jim Ratcliffe has been trying to buy Manchester United for up to 10 months (Image credit: Valery Hache/AFP via Getty Images)
The bids were believed to be worth around £5bn, but the Glazers have since stalled on making a decision over prospective negotiations in the preceding months.
After growing frustrated with the seeming lack of inaction from the Glazers, however, Ratcliffe is now reportedly open to buy a minority stake in Manchester United in order to break the impasse, according to Sky News.
After more than 10 months after opening negotiations to purchase a majority stake Manchester United, the report now suggests that Ratcliffe is now seeking around a 25 per cent share of the Premier League club.
United fans are desperate for the Glazers to leave (Image credit: Getty Images)
With the Glazers reportedly wanting a valuation of at least £6bn, Ratcliffe's Ineos will therefore have to spend a minimum of £1.5bn for his offer to even be considered, let alone accepted.
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Ratcliffe's proposed new offer would allow the Glazers to maintain majority ownership of Manchester United, with the British billionaire then in contention to take over the club at a later date.
It would also play into what the six Glazer siblings want as an outcome, too. Avram and Joel would continue to operate as co-chairmen and oversee the majority of the club’s business, while Kevin Glazer, Darcie Glazer, Edward Glazer, and Bryan Glazer would dilute their ownership stakes through Ratcliffe's offer and get closer to ending their relationship with Manchester United - which is ultimately what they want.
Ryan is a staff writer for FourFourTwo, joining the team full-time in October 2022. He first joined Future in December 2020, working across FourFourTwo, Golf Monthly, Rugby World and Advnture's websites, before eventually earning himself a position with FourFourTwo permanently. After graduating from Cardiff University with a degree in Journalism and Communications, Ryan earned a NCTJ qualification to further develop as a writer while a Trainee News Writer at Future.
