Manchester United are still waiting for the green light for a minority takeover. INEOS founder Sir Jim Ratcliffe is expected to complete his purchase of 25 percent soon. However, as things stand now, no official announcement has been made as all parties continue to play the waiting game.
The deal is worth £1.25 billion and Ratcliffe will initially work alongside the Glazer family. The timing of the investment remains important both on and off the pitch with the January transfer window opening in just a few weeks and #039; time Here we take a closer look at the latest headlines related to the deal;
Ratcliffe’s announcement has been delayed
The Daily Mail reports that the takeover announcement has been delayed again.
Officials had hoped to strike and send a 25 per cent buy-in under Ratcliffe ahead of the Champions League tie against Bayern Munich at Old Trafford on Tuesday 12 December.
For now, though, it looks like that won’t happen until the week of Monday, December 18th.
The proposal itself was not difficult or an obstacle, but American sources blame the delay and #039;legal constructors#039; between the parties. The Daily Mail notes that a pre-Christmas date remains the most likely scenario.
Sheikh Jassim was tipped to buy Inter Milan after abandoning his interest in United. After a bidding war with British billionaire Ratcliffe – a saga from November 2022 – the Qatari banker abandoned bids to become the new owner of Old Trafford.
He was said to be frustrated with the process and the high regard the Glazer family holds. However, a new business may be around the corner for him.
Reports in Italy’s La Repubblica (via The Express) have linked Sheikh Jassim as a possible Inter bidder due to behind-the-scenes concerns. The report adds that Sheikh Jassim is ready to open negotiations over a potential move to the Serie A giants.