Sir Jim Ratcliffe, the CEO of Ineos Chemical company, is close to achieving his dream of owning a minority stake in Manchester United.
After nine months of negotiations, the English Billionaire has received a positive reaction from Man United Owners (the Glazers’ family) to own 25 percent of the club.
According to reports, Jim Ratcliffe will pay £1.3bn, equivalent to sh.204,612,610,271.85, for the 25 percent and take control of the sports operations of Manchester United if the deal is signed.
A deal is said to have been agreed in principle and will have to be voted on by United’s 12 board members this week, which include six members of the Glazer family and three independent directors.
Ratcliffe who also owns League 1 side club OG Nice wanted to buy all 67 percent shares from the Glazers family but they refused to accept the bid.
Qatar business billionaire Sheikh Jassim withdrew his bid to buy the club last week and Ractliffe is on his way to completing his dream of buying Manchester United.
If the deal goes through this week the Ineos Company is reportedly ready to rebuild the Old Trafford to a 90,000-seater stadium.
Sir Jim Ratcliffe, the CEO of Ineos Chemical company, is close to achieving his dream of owning a minority stake in Manchester United.
After nine months of negotiations, the English Billionaire has received a positive reaction from Man United Owners (the Glazers’ family) to own 25 percent of the club.
According to reports, Jim Ratcliffe will pay £1.3bn, equivalent to sh.204,612,610,271.85, for the 25 percent and take control of the sports operations of Manchester United if the deal is signed.
A deal is said to have been agreed in principle and will have to be voted on by United’s 12 board members this week, which include six members of the Glazer family and three independent directors.
Ratcliffe who also owns League 1 side club OG Nice wanted to buy all 67 percent shares from the Glazers family but they refused to accept the bid.
Qatar business billionaire Sheikh Jassim withdrew his bid to buy the club last week and Ractliffe is on his way to completing his dream of buying Manchester United.
If the deal goes through this week the Ineos Company is reportedly ready to rebuild the Old Trafford to a 90,000-seater stadium.
