Sir Jim Ratcliffe uses ace card to beat Qataris with Man Utd takeover bid for Glazers
Sir Jim Ratcliffe has told the Glazers they can stay on board Manchester United as stakeholders if he buys the club this summer, according to reports. The British billionaire remains in active talks with the Red Devils over a possible takeover and he is determined to successfully oust the Qataris by giving Avram and Joel Glazer the chance to retain a substantial stake at Old Trafford instead of buying them outright of Old Trafford. .
Ratcliffe is among the favorites to buy United, but more importantly it looks like he has now changed his strategy as the process now reaches a decisive and crucial stage.
Last month INEOS matched the world record Qatari bid for United and Ratcliffe was even present at Old Trafford for talks ahead of the potential takeover.
We now report that Ratcliffe's latest proposal would see him acquire a majority stake in United worth over 50%.
About 20% would then remain in the hands of the Glazer family while the remaining 30% would remain in the hands of the respective investment groups.
INEOS has made it clear that it only wants a majority stake, meaning it will make all major decisions in the boardroom at Old Trafford.
It is understood United have set a loose deadline for Friday should any bidders wish to make new proposals.
While the Glazers are interested in a full sale, it is believed they are also open to the idea of remaining a shareholder, as proposed by INEOS.
Last November, the Glazers confirmed they were "open to investment opportunities" in their first initial statement - suggesting that a full sale was not necessarily a formality.
Sheikh Jassim bin Hamad al-Thani of Qatar wants to complete a full takeover that will allow him to gain full control of the club.
Meanwhile, competing bids from US investment firms involve minority stakes, meaning the Glazers have no shortage of options.
Supporters remain determined to drive the American family out of the club as they continue to stand firmly against the current regime in a desperate bid to oversee change this summer.
Ratcliffe's biggest problem remains the persistent suggestion that the Qataris are making a monstrous last bid in a bid to blow their rivals out of the water.
The Glazers value United at around £6bn, but it seems highly unlikely that any suitors will match that figure.
In a recent interview with The Wall Street Journal, Ratcliffe made it clear that he has no intention of spending too much with a takeover bid.
He said, "How do you determine the price of a painting? How do you determine the price of a house? It has nothing to do with the cost of building or painting.
"What you don't want to do is pay stupid prices for things because you'll regret it later."
Sir Jim Ratcliffe has told the Glazers they can stay on board Manchester United as stakeholders if he buys the club this summer, according to reports. The British billionaire remains in active talks with the Red Devils over a possible takeover and he is determined to successfully oust the Qataris by giving Avram and Joel Glazer the chance to retain a substantial stake at Old Trafford instead of buying them outright of Old Trafford. .
Ratcliffe is among the favorites to buy United, but more importantly it looks like he has now changed his strategy as the process now reaches a decisive and crucial stage.
Last month INEOS matched the world record Qatari bid for United and Ratcliffe was even present at Old Trafford for talks ahead of the potential takeover.
We now report that Ratcliffe's latest proposal would see him acquire a majority stake in United worth over 50%.
About 20% would then remain in the hands of the Glazer family while the remaining 30% would remain in the hands of the respective investment groups.
INEOS has made it clear that it only wants a majority stake, meaning it will make all major decisions in the boardroom at Old Trafford.
It is understood United have set a loose deadline for Friday should any bidders wish to make new proposals.
While the Glazers are interested in a full sale, it is believed they are also open to the idea of remaining a shareholder, as proposed by INEOS.
Last November, the Glazers confirmed they were "open to investment opportunities" in their first initial statement - suggesting that a full sale was not necessarily a formality.
Sheikh Jassim bin Hamad al-Thani of Qatar wants to complete a full takeover that will allow him to gain full control of the club.
Meanwhile, competing bids from US investment firms involve minority stakes, meaning the Glazers have no shortage of options.
Supporters remain determined to drive the American family out of the club as they continue to stand firmly against the current regime in a desperate bid to oversee change this summer.
Ratcliffe's biggest problem remains the persistent suggestion that the Qataris are making a monstrous last bid in a bid to blow their rivals out of the water.
The Glazers value United at around £6bn, but it seems highly unlikely that any suitors will match that figure.
In a recent interview with The Wall Street Journal, Ratcliffe made it clear that he has no intention of spending too much with a takeover bid.
He said, "How do you determine the price of a painting? How do you determine the price of a house? It has nothing to do with the cost of building or painting.
"What you don't want to do is pay stupid prices for things because you'll regret it later."
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