Manchester United’s share price dipped to $21.82 on Monday, the lowest in a week, before rebounding again.
07.06.2023 - 19:33 / manchestereveningnews.co.uk
British billionaire Sir Jim Ratcliffe will get his hands on "the one thing he doesn't have" if his proposed Manchester United takeover goes through.
Still competing against rival bidder Sheikh Jassim for control at Old Trafford and beyond, Sir Jim is claimed to be a frontrunner to purchase United from the much-maligned Glazer family. Developing reports this week certainly add up to that eventuality.
According to the PA agency, Sheikh Jassim has submitted a fifth offer for the club, but the patience of his bidding team is said to be "wearing increasingly thin" as they set their own Friday deadline to make further headway. As for Sir Jim, meanwhile, reports from The Express suggest he's now in the "final stages" with his proposal.
Either way, it has taken considerable time to get to that point. Sir Jim and Sheikh Jassim went public with interest four months ago now after the Glazer family outlined their intention to sell-up or at least attract fresh investment. That announcement - in November - came only weeks after Sir Jim was pressed on his hopes to buy the club when it was, seemingly, not being readied for sale.
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Naturally, given the red tape involved, Sir Jim has been tight-lipped since going public with his bid. However, with such strong links to the Manchester area, Failsworth-born United supporter Ratcliffe, 70, was clear from the outset about what assuming control might mean for him and his sporting enterprise - as well as declaring his desire to acquire a Premier League club.
Speaking at an event which was hosted by The Financial Times in association with his company, INEOS, in October last year, Sir Jim said: "Manchester United is owned by the Glazer family, whom
Manchester United’s share price dipped to $21.82 on Monday, the lowest in a week, before rebounding again.
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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.
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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.
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Brendan Rodgers has already warned Manchester United they could become Sheikh Jassim's "plaything" should his takeover bid for the club should prove successful.
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Manchester United fans were left shocked on Monday evening after reports from Qatar suggested that Sheikh Jassim's bid had been successful and the takeover of their club by the banker would be announced 'soon'.
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The Manchester United takeover process is now in its seventh month and it is still not clear who is likely to take charge at Old Trafford.