{"id":143538,"date":"2023-09-26T17:49:45","date_gmt":"2023-09-26T17:49:45","guid":{"rendered":"https:\/\/celebritywshow.com\/?p=143538"},"modified":"2023-09-26T17:49:45","modified_gmt":"2023-09-26T17:49:45","slug":"man-utd-takeover-update-as-sir-jim-ratcliffe-restructures-bid-in-hopes-to-break-months-long-deadlock-the-sun","status":"publish","type":"post","link":"https:\/\/celebritywshow.com\/sport\/man-utd-takeover-update-as-sir-jim-ratcliffe-restructures-bid-in-hopes-to-break-months-long-deadlock-the-sun\/","title":{"rendered":"Man Utd takeover update as Sir Jim Ratcliffe restructures bid in hopes to break months-long deadlock | The Sun"},"content":{"rendered":"
SIR JIM RATCLIFFE is ready to reconstruct his offer to buy Manchester United.<\/p>\n
The British billionaire and Qatari banker Sheikh Jassim are both battling it out to purchase the club off the Glazer family.<\/p>\n
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Despite the American owners putting the side up for sale last November, no deal has been struck and negotiations have now hit a stalemate.<\/p>\n
However, Ratcliffe, 70, has not given up on his attempt to buy United.<\/p>\n
The Ineos chief and his advisers are looking to restructure their bid to end the takeover saga, claim Bloomberg.<\/p>\n
Ratcliffe made a proposal to buy 69 per cent of Man Utd earlier this year but the offer was not popular with minority shareholders, including Lindsell Train, Ariel Investments LLC and Eminence Capital.<\/p>\n
It led to a chief reportedly threatening legal action should a sale benefit one party more than other.<\/p>\n Ratcliffe is now looking to address these concerns with him ready to make a fresh approach.<\/p>\n<\/p>\n The Glazers are holding out for a supposed \u00a36billion with some claiming a bid closer to \u00a310billion would make all the siblings happy to sell.<\/p>\n News broke earlier this month that the owners were in fact no longer open to walking away and it led to the club's share price plummeting. <\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n FREE BETS – BEST BETTING OFFERS AND BONUSES NEW CUSTOMERS<\/strong><\/p>\n It dropped by a whopping 21 per cent before bouncing back slightly to 18 per cent down, meaning it was Man Utd's worst ever day on the stock exchange since it joined in 2012.<\/p>\n The crash wiped \u00a3600m off the team's value, leaving the valuation at \u00a33.3bn.<\/p>\n Meanwhile, under Glazer ownership debts hit \u00a31billion for the first time after third-quarter results showed that outstanding payments have increased by \u00a331m, claim The Mail.<\/p>\n There has been increasing fan fury and there has been several anti-Glazer protests over the last few seasons.<\/p>\n MAN UTD NEWS LIVE: Stay up to date with all the latest takeover and transfer news from Old Trafford<\/strong><\/p>\n<\/picture>RIK ROLL <\/span><\/p>\n
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