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Saturday, March 2, 2024

Ratcliffe Reportedly Emerges As Frontrunner In Manchester United Sale

  • Last year, the Glazer family announced intentions to explore a possible sale of Manchester United.
  • British billionaire Jim Ratcliffe is one of two remaining bidders for the club.
A view of a Manchester United corner flag during a night match.

The Manchester United ownership saga continues.

Nearly 11 months since the Glazer Family announced it was exploring strategic alternatives — including new investment, a sale, or other transactions — for the storied Premier League club, disgruntled fans remain in the dark on any definitive action that may or may not be on the horizon.

Sale rumors have circulated since the club statement in late November 2022, with a long list of potential suitors interested in purchasing the club, which is valued at $6 billion.

According to multiple reports over the past few months, the grueling process has left two remaining bidders: Jim Ratcliffe, the British billionaire who founded global chemical company Ineos, and Qatari businessman Sheikh Jassim bin Hamad Al Thani.

Now, the latest news is that Ratcliffe is emerging as the frontrunner to buy into Manchester United, according to Bloomberg. Ratcliffe could acquire some shares held by both the Glazers and minority investors, and initially get a roughly 25% stake.

It’s unclear whether that stake could or would lead to an eventual majority stake in Manchester United, or if the Glazers would remain in control of the team long-term.

If the reports turn into reality, Manchester United fans who had hoped to see the Glazers sell the club entirely will no doubt remain frustrated with team ownership. There has been no official comment from the club or a timeline for next steps.

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