Following a significant progress made over the course of the previous two weeks, the INEOS CEO’s share is likely to be confirmed during a board meeting that takes place the following week. According to Ben Jacobs, Ratcliffe assesses the value of the Manchester club at approximately $7.5 billion, and the long-term ambition is to supplant the degree of ownership currently held by the Glazer family.
The fact that Ratcliffe intends to be very hands-on and will attempt to install the highly regarded Paul Mitchell as the club’s sporting director is something that will irritate many United supporters who simply want the American family out of their team.
Jacobs claims that Qatar was aware of this, and that knowledge played a part in their decision to pull out of the bidding process earlier on Saturday.
Fabrizio Romano claims that Sheikh Jassim of Qatar offered a 100% cash purchase for Manchester United that eliminated all outstanding debt. As a result of the Glazers rejecting his final offer, which was said to be nearly twice the $3.5B market worth of Manchester United, Qatar withdrew from the competition.
Ratcliffe’s route was the only one to become engaged with the Manchester club because it is now obvious that the Glazers do not currently intend to sell Man United. The British will now begin his effort toward someday purchasing the entire club, and United supporters will jubilantly celebrate this day.
