Sir Jim Ratcliffe’s purchase of a 25 per cent stake in Manchester United is very likely to be announced early next week.
Confirmation of the investment by the 71-year-old’s Ineos Group would conclude a saga which has lasted more than a year, and sources have indicated that an announcement is strongly expected to be just days away.
The Glazer family who own United first announced on November 22, 2022 their intention to undertake a strategic review of their options, which included the possibility of them selling the club.
Many United fans, who have resented the Americans’ involvement in the club since their leveraged takeover in 2005, welcomed that news and until October of this year a buyout looked possible, with Ratcliffe and Qatari businessman Sheikh Jassim publicly in the running.
Sheikh Jassim withdrew his bid for full control of the club on October 14 and Ratcliffe’s focus has now shifted to taking a significant minority stake.
The deal is set to involve Ratcliffe purchasing a sufficient number of B shares from the Glazer family to secure 25 per cent of company voting rights.
Each B share carries 10 votes, whereas A shares carry one vote per share. The Glazers have hitherto owned all the B shares in United, affording them 95 per cent of the overall voting rights.
Ratcliffe’s Ineos Group is expected to pay in the region of £1.25billion for the share purchase, while also acquiring significant control over footballing operations.
It has also been reported that Ratcliffe is prepared to invest a further £245million to improve club infrastructure.
The deal had been expected to be done during the November international break, but that came and went and the one-year milestone was passed almost a fortnight ago.
The club announced on November 15 that Richard Arnold was stepping down as chief executive.
Sources close to Ineos indicated they were not involved in Arnold’s departure, but it seems likely that further change will be afoot once the deal is signed.
Giroud leaving Milan to join MLS at end of season
Olivier Giroud announced he will be leaving Milan to join the MLS at the end of the season when his contract expires.
The Frenchman joined the club in July 2021 from Chelsea, winning the Serie A title in his first season.
Giroud has scored 48 goals in 130 games in all competitions for Milan, netting 16 of those this season to help them to a second-place finish.
In an emotional interview with the club’s media channels, Giroud said: "I'm here to tell you that the next two games will be my last for Milan. My career will continue in MLS.
"I'm very proud of everything I've done here at Milan across three seasons. It's the right time to announce it. I'm a bit emotional. My story with Milan ends this season, but Milan will forever remain in my heart."
Though Giroud did not confirm which team he would be joining in the MLS, previous reports suggested he could be moving to LAFC to link up with his France international team-mate, Hugo Lloris.
Giroud leaving Milan at end of season to join MLS
Olivier Giroud announced he will be leaving Milan to join the MLS at the end of the season when his contract expires.
The Frenchman joined the club in July 2021 from Chelsea, winning the Serie A title in his first season.
Giroud has scored 48 goals in 130 games in all competitions for Milan, netting 16 of those this season to help them to a second-place finish.
In an emotional interview with the club’s media channels, Giroud said: "I'm here to tell you that the next two games will be my last for Milan. My career will continue in MLS.
"I'm very proud of everything I've done here at Milan across three seasons. It's the right time to announce it. I'm a bit emotional. My story with Milan ends this season, but Milan will forever remain in my heart."
Though Giroud did not confirm which team he would be joining in the MLS, previous reports suggested he could be moving to LAFC to link up with his France international team-mate, Hugo Lloris.
Beckham: Man Utd's problems have lasted 'too long'
David Beckham believes Manchester United’s issues have lasted "too long" since Alex Ferguson’s retirement in 2013.
The Red Devils have won just four major trophies since Ferguson’s departure, with their most recent – an EFL Cup win last season – ending a six-year wait for silverware.
United have not won a Premier League title since the Scot’s final season in charge, with six managers failing to reclaim the top-flight crown since then.
This season, Erik ten Hag’s side are at risk of recording their lowest league finish and points tally, as they sit eighth on 54 points with two games remaining.
Beckham, who won 13 trophies, including six Premier League titles and the Champions League, told The Athletic: "I think it has been a difficult time over the last five or ten years, but it was always going to be when the boss left the club.
"It wasn’t just that, we lost players like Ryan Giggs, Roy Keane and Gary Neville, all of these players that had been at United for so long; you lose part of that, and you lose part of the club.
"So it was always going to be a difficult time. But we’d like it to change pretty quickly because I think it’s gone on for too long now."
United have lost 19 games in all competitions this season, their most since 1977-78 (also 19), with nine of those coming at Old Trafford – their joint-most at home in a season and the first time it has happened in the Premier League.
Their 1-0 defeat to Arsenal on Sunday marked the first time they had conceded in 10 successive games in all competitions since October 2021, while the 82 goals they have let in this season is their most since 1970-71 (also 82).
Beckham was speaking at the premiere of 99, the Amazon Prime documentary covering United’s iconic treble-winning season 25 years ago.
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