Man Utd takeover: Sir Jim Ratcliffe in shock new bid - details revealed
There has been another fresh twist in the saga of the Manchester United sale process.
Sky News are reporting Sir Jim Ratcliffe is weighing up buying a minority stake in the club rather than seeking full control.
Ineos founder Ratcliffe and Sheikh Jassim made offers to buy United in February but the process remains ongoing.
Both Ratcliffe and Sheikh Jassim have made bids for the club, however neither have reached the Glazers’ desired price of £6 billion. However, according to reports the potential buyers are not willing to pay more to purchase United, but a further bid from Sheikh Jassim is not out of the question.
Many United fans will be desperate for a change in ownership as the Glazers have spent big money on players that are yet to deliver on the pitch. There has been protests over the years against the Glazers.
Regarding the latest development, Sky News report: "Sky News has learnt that Sir Jim's Ineos Sports vehicle has proposed to the controlling Glazer family a deal that would see it acquiring chunks of both their shares and the stock publicly traded on the New York Stock Exchange in equal proportion.
"That offer would entail making an offer at the same price for both sets of shares, with one suggestion on Monday evening being that Sir Jim could seek a roughly 25 per cent stake in the Red Devils as part of his latest proposal."
That deal would, however, see the Glazers remain in overall control.
