Latest on man utd takeover

Bringing you all the latest Manchester United takeover news as it happens. The Glazers are heavily linked with selling Manchester United at long last after their unwanted acquisition of the club back in And it was quite a wait.

Sir Jim Ratcliffe has agreed to take a 25 per cent stake in Manchester United. It is not only the Qatari-backed takeover bid for Manchester United that had been generating controversy. Multi-club ownership has been thrust into the limelight with Jim Ratcliffe, who owns Nice, and his fresh attempts to acquire Manchester United. Has a dangerous can of worms been opened and is there a scenario where four or five major conglomerates end up owning all of football? Watch more from The Athletic here. Here is a what was announced today as Sir Jim Ratcliffe has agreed a minority stake in Manchester United. He is a lifelong Manchester United fan who sold Golden Goal tickets as a teenager at Hull City, considered buying Chelsea or Newcastle United among other Premier League clubs a few years ago but bought Nice of the French top flight instead, and then tried to buy Chelsea again.

Latest on man utd takeover

Please use Chrome browser for a more accessible video player. Sir Jim Ratcliffe has acquired 25 per cent of Manchester United and taken control of football operations. An announcement finally came on Christmas Eve, bringing an end to 13 months of talks about a potential takeover of the Old Trafford club. The deal, which comes amid a torrid season for United on the pitch, is still to be approved by the Premier League - a process expected to take between six and eight weeks. There is no formal agreement for Ratcliffe to buy any of the Glazers' shares in the future but the Ineos chairman has the right of first refusal on any they sell in the future. Through Ratcliffe's INEOS Sport, United said they "will have access to seasoned high-performance professionals, experienced in creating and leading elite teams from both inside and outside the game". Ratcliffe is aiming to have big say in how United is run before the transfer window opens in January, with Paul Mitchell in line to become the club's new sporting director, a role he currently performs at Monaco, having headed up recruitment at Southampton, Tottenham and RB Leipzig. Sky Sports News understands Erik ten Hag's position as head coach is not under immediate threat, but the Dutchman knows results need to improve. The redevelopment will be financed personally by the billionaire and will not add to Manchester United's existing borrowings. Sir Jim Ratcliffe: "As a local boy and a lifelong supporter of the club, I am very pleased that we have been able to agree a deal with the Manchester United Board that delegates us management responsibility of the football operations of the club.

Read more about what Ratcliffe had to say, here:. Jan 14, This may be a minority stake with benefits — i.

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Please use Chrome browser for a more accessible video player. Sir Jim Ratcliffe is proposing a new Manchester United football committee of himself, Joel Glazer and Sir Dave Brailsford if his deal to acquire 25 per cent of the club is agreed. The Glazer family would retain control of the commercial side of the business but Ratcliffe would also have a say on those matters due to his stake in the club. Ratcliffe's deal is still being finalised, but whatever happens, United are unlikely to be big spenders in the January transfer window. As revealed by Ole Gunnar Solskjaer in an interview with The Athletic last month, the Glazers usually allow their managers three big signings a year and United generally prefer to do the bulk of their business in the summer.

Latest on man utd takeover

Please use Chrome browser for a more accessible video player. Sir Jim Ratcliffe has acquired 25 per cent of Manchester United and taken control of football operations. An announcement finally came on Christmas Eve, bringing an end to 13 months of talks about a potential takeover of the Old Trafford club. The deal, which comes amid a torrid season for United on the pitch, is still to be approved by the Premier League - a process expected to take between six and eight weeks. There is no formal agreement for Ratcliffe to buy any of the Glazers' shares in the future but the Ineos chairman has the right of first refusal on any they sell in the future. Through Ratcliffe's INEOS Sport, United said they "will have access to seasoned high-performance professionals, experienced in creating and leading elite teams from both inside and outside the game". Ratcliffe is aiming to have big say in how United is run before the transfer window opens in January, with Paul Mitchell in line to become the club's new sporting director, a role he currently performs at Monaco, having headed up recruitment at Southampton, Tottenham and RB Leipzig. Sky Sports News understands Erik ten Hag's position as head coach is not under immediate threat, but the Dutchman knows results need to improve.

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According to reports, Neville has been invited to a special committee that will help oversee the regeneration project of the area around Old Trafford. Live News. Can United return to the top? The Peoples Person 6d. It will take some doing to get back to the top, but it will be interesting to see if, with the backing of Sir Jim Ratcliffe, they can manage it. There was a lot to get through in so little time. Feb 21, It's a really defeatist attitude, but I almost feel like that is where we are at. There is no formal agreement for Ratcliffe to buy any of the Glazers' shares in the future but the Ineos chairman has the right of first refusal on any they sell in the future. Sir Jim Ratcliffe 's purchase of a We will bring the global knowledge, expertise and talent from the wider INEOS Sport group to help drive further improvement at the club, while also providing funds intended to enable future investment into Old Trafford. It looks as the Mason Greenwood could play in the red of Manchester United again after Sir Jim Ratcliffe has stated he is open to the return of the on-loan Getafe striker.

Please use Chrome browser for a more accessible video player. Sheikh Jassim still wants to complete a takeover of Manchester United and is committed to his bid, despite Sir Jim Ratcliffe considering acquiring a minority stake. Sheikh Jassim is committed to his per cent bid, and does not believe United require a new shareholder.

Manchester United have endured an inconsistent start to the season and some have asked questions about the future of manager Erik ten Hag. The pair are to join the United board as part of the deal. It is a step into the unknown, because we have got a situation where somebody is buying 25 per cent of a football club - but he is getting control of football operations and the Glazer family is giving away 25 per cent of football operations, which in my mind is an admission of failure. But what would his investment in United mean for the team on the French Riviera? Ratcliffe already owns a football club, the French side Nice, who are challenging traditional powerhouses Paris Saint-Germain at the top of the Ligue 1 table. He has now since jokingly stated he is 'not sure' if Jassim is even real. On the pitch, United have lost 13 matches in all competitions this season. You can unsubscribe whenever you want. Sir Jim Ratcliffe 's purchase of a Entries by 3pm Tuesday.