Sir Jim Ratcliffe is set to buy a minority stake in Manchester United after his failed Chelsea takeover attempt.
Manchester United takeover latest as Glazers make decision on dividends
26.10.2023 - 21:43 / manchestereveningnews.co.uk
Manchester United fans may have more clarity on the takeover saga but the process is still progressing at a snail’s pace.
Sir Jim Ratcliffe looks set to invest £1.3billion into a 25 per cent stake at the club, albeit the decision has not yet been ratified. The deal is likely to lapse into the new year although the INEOS billionaire is expected to be in situ in time for next summer.
The 71-year-old is poised to assume control of sporting matters at the club, utilising his experience as owner of French club OGC Nice. That has injected optimism into a number of United fans, yet they are still waiting for an official update from the board.
READ MORE: Why United wage bill went down by £50million last season
READ MORE: Gary Neville shares concerns about Sir Jim Ratcliffe investment
Meanwhile, United have released their annual financial figures without any direct reference to the takeover process. Rio Ferdinand has told MEN Sport what Ratcliffe's first task is upon investment.
The Glazer family did not take a dividend from United from their financial results for the full year.
In the previous financial results that were posted in September 2022 for the year up to June 30 2022, United paid £33.6million out in dividends, mostly to the Glazer family, which was up by more than £20m on the previous year.
Since then, no dividend have been paid to the six siblings who sit on the club board for the year ending June 2023.
Read more here
Rio Ferdinand has urged Sir Jim Ratcliffe to restore transparency to United if he secures a 25 per cent stake in the club.
Ratcliffe's Ineos Group is widely expected to invest £1.3billion in a minority stake amid the reluctance to sell the club from the incumbent owners, the Glazer family.
Sheik
The website celebfans.org is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Popular Celebs
Popular Tags
manchestereveningnews.co.uk
15.11.2023 / 15:17
'Best in the world' - Sir Dave Brailsford's impact on Newcastle amid Manchester United role
Manchester United are close to ushering in the new INEOS era with Sir Dave Brailsford likely to play a major role in overseeing it.
manchestereveningnews.co.uk
15.11.2023 / 13:37
Sir Dave Brailsford making visits to Manchester United training ground
Sir Dave Brailsford has been visiting Manchester United’s Carrington training complex ahead of the Ineos Group’s impending investment into the club.
manchestereveningnews.co.uk
15.11.2023 / 09:15
American billionaire sparks Manchester United takeover 'twist' amid Raphael Varane future message
The international break is usually a time for domestic matters to take a back seat - but there is plenty going on at Manchester United right now as their star names jet-off to various locations.
manchestereveningnews.co.uk
15.11.2023 / 07:47
Juventus offer Jadon Sancho 'escape route' from Manchester United and more transfer rumours
Juventus have made contact with Manchester United regarding a January loan move for Jadon Sancho, according to reports.
manchestereveningnews.co.uk
14.11.2023 / 20:47
Sir Jim Ratcliffe to provide January 'war chest' and more Manchester United transfer rumours
Sir Jim Ratcliffe will provide a 'transfer war chest' for Erik ten Hag to overhaul his Manchester United squad in January, according to reports.
manchestereveningnews.co.uk
14.11.2023 / 20:47
How Dougie Freedman could help Erik ten Hag at Manchester United
Crystal Palace manager Roy Hodgson has already explained how Dougie Freedman's work behind the scenes will help Erik ten Hag if he arrives at Manchester United.
manchestereveningnews.co.uk
14.11.2023 / 19:47
Manchester United takeover latest as Sir Jim Ratcliffe eyeing Crystal Palace's Dougie Freedman for major hire
Manchester United investment hopeful Sir Jim Ratcliffe is on the verge of having his minority acquisition formally confirmed.
manchestereveningnews.co.uk
11.11.2023 / 21:17
Manchester United takeover latest as supporters hold fresh protests against the Glazers
Sir Jim Ratcliffe is expected to have his 25 per cent stake in Manchester United ratified before the first team return from the international break.
manchestereveningnews.co.uk
08.11.2023 / 17:05
Cristiano Ronaldo tipped for shock Premier League return with Newcastle after Manchester United exit
Cristiano Ronaldo has been tipped for a shock return to England after leaving Manchester United last year - with a move to Newcastle touted for the Portugal legend.
manchestereveningnews.co.uk
04.11.2023 / 21:41
OGC Nice make Jean-Clair Todibo decision amid Manchester United interest and more transfer rumours
OGC Nice are prepared to sell Jean-Clair Todibo next summer with Manchester United one of several interested parties, according to reports.
manchestereveningnews.co.uk
03.11.2023 / 10:25
Manchester United takeover latest as Sheikh Jassim 'handed chance' to invest in Premier League rivals
Manchester United supporters continue to await confirmation of Sir Jim Ratcliffe's investment in the club.
manchestereveningnews.co.uk
01.11.2023 / 15:17
Manchester United fans sent Sir Jim Ratcliffe warning amid ongoing takeover uncertainty
Former Manchester United centre-back Mikael Silvestre has suggested that patience will be required if Ineos secures a 25 per cent stake in the club.
manchestereveningnews.co.uk
29.10.2023 / 20:11
Gary Neville calls out 'strange' Manchester United transfer decision during Man City clash
Former captain Gary Neville has questioned Manchester United's recruitment process in midfield, describing it as 'all a little bit strange'.
manchestereveningnews.co.uk
26.10.2023 / 09:23
Manchester United great Rio Ferdinand urges Sir Jim Ratcliffe to do what Glazers have failed to do
Rio Ferdinand has urged Sir Jim Ratcliffe to restore transparency to Manchester United if he secures a 25 per cent stake in the club.
manchestereveningnews.co.uk
23.10.2023 / 19:13
Manchester United takeover latest as Glazers U-turn 'forced Sheikh Jassim to withdraw'
Manchester United fans continue to await news on Sir Jim Ratcliffe's investment in the club but the INEOS founder remains primed to join the boardroom.
manchestereveningnews.co.uk
22.10.2023 / 08:37
Rory McIlroy open to Manchester United takeover investment
Rory McIlroy would consider the possibility of investing in Manchester United. Sir Jim Ratcliffe looks set to buy an initial 25 per cent stake in the club and could be joined by the four-time major-winning golfer.
manchestereveningnews.co.uk
21.10.2023 / 13:21
Manchester United announce key date amid Sir Jim Ratcliffe's takeover bid
Manchester United have announced the date and time their fourth quarter and full year fiscal 2023 period results will be released to shareholders and the public.
manchestereveningnews.co.uk
17.10.2023 / 17:47
Manchester United icon raises familiar issue after Sir Jim Ratcliffe takeover update
Manchester United hero Andy Cole questions how much of an impact Sir Jim Ratcliffe will have in the boardroom, should his proposed 25 per cent investment at Old Trafford get the green light.
manchestereveningnews.co.uk
17.10.2023 / 05:53
Sir Jim Ratcliffe takeover could be bad news for some Manchester United players
It might not be the takeover that every Manchester United supporter wanted, but there is hope that Sir Jim Ratcliffe's involvement with the club can be a step in the right direction.