INEOS founder and Britain's richest man Sir Jim Ratcliffe has admitted negotiating with all of the Glazer siblings during the Manchester United takeover is difficult in extracts leaked from a new book.
16.06.2023 - 04:13 / manchestereveningnews.co.uk
Here are your Manchester United evening headlines for Wednesday, June 14.
Inside Manchester United takeover bid as Sheikh Jassim and Sir Jim Ratcliffe await decision
It’s been a long road for bidders since the Glazers announced United was up for sale in November. Both Sheikh Jassim and Sir Jim first went public in February after submitting bids amid the first deadline.
Bidders were required to contact The Raine Group, the US bankers overseeing the takeover, having done the same for Todd Boehly’s purchase of Chelsea last year. Interested parties had to sign a Non-Disclosure Agreement (NDA) which prevents the release of any discussions about the process.
ALSO READ: Joel Glazer is continuing to break his promise to United fans
A number of bidders who opted against going public are thought to have entered in before the first deadline. Offers were considered before some were granted access to a ‘data room’ which outlined the finances of the club.
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Premier League announces change to takeover rules amid Manchester United sale process
The Premier League has banned fully-leveraged buy-outs of its clubs.
The Premier League announced the changes in its regulation on Wednesday following its Annual General Meeting, with all members unanimously agreeing to the change.
The decision comes amid Manchester United’s takeover process. The Glazer Family financed the majority of their £790m purchase of United in 2005 through loans, some being secured against club assets.
The Owners’ and Directors’ Test was introduced by the Premier League a year earlier to ensure that buyers are ‘fit-and-proper’.
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Sheikh Jassim takeover situation clarified
INEOS founder and Britain's richest man Sir Jim Ratcliffe has admitted negotiating with all of the Glazer siblings during the Manchester United takeover is difficult in extracts leaked from a new book.
Former Manchester United midfielder Juan Mata is back in the city this week to attend the Manchester International Festival.
Ex-United forward says takeover won't solve everything
Manchester United fans have been warned both prospective new owners will bring moral baggage to the table should either conclude a deal for the club.
Here are your Manchester United morning headlines for Wednesday, June 28.
Manchester United’s share price dipped to $21.82 on Monday, the lowest in a week, before rebounding again.
Former Manchester United captain Patrice Evra has called on the Glazers to decide on their preferred takeover bidder before the start of the 2023/24 season.
It's been more than seven months since Manchester United owners the Glazers announced plans to 'explore strategic alternatives' for investment, paving the way for a protracted takeover process which still seems some way from completion.
Manchester United supporters' group The 1958 has announced plans to protest against the Glazers amid ongoing frustration regarding a prospective takeover of the club.
Manchester United fans have hijacked an Instagram post of Sheikh Jassim bin Hamad Al Thani with his family amid the ongoing takeover saga.
The Glazers are still mulling over how the Manchester United takeover process will conclude with Sheikh Jassim and Sir Jim Ratcliffe awaiting a response.
Former Manchester United striker Louis Saha has urged the Glazers to make a quick decision on the takeover after admitting Sheikh Jassim bin Hamad Al Thani's bid was 'exciting'.
Manchester United's protracted takeover continues to rumble on and has reached its eighth month following the Glazers' announcement to "explore strategic alternatives for the club" back in November.
The Manchester United takeover saga continues to rumble on with seemingly no end in sight.
Tomorrow marks exactly seven months to the day since the Glazer family put Manchester United up for sale and we are still no closer to reaching an outcome.
Manchester United's takeover saga continues to rumble on as this week with supporters still in the dark about where the ownership situation stands.
Manchester United fans are still patiently waiting for a formal update on the proposed sale of the club.
Manchester United midfielder Fred may feel uneasy at the prospect of Sir Jim Ratcliffe becoming the club's next owner.
It is almost seven months since the Glazer family announced plans to either sell Manchester United or welcome fresh investment. The saga remains ongoing and supporters' patience is beginning to wear increasingly thin.
Manchester United's takeover process is reportedly nearing its conclusion as Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe battle it out for ownership of the club.