Sir Jim Ratcliffe’s offer to buy Manchester United would see the six Glazer siblings remain at the club on a temporary basis in a development which is holding up the takeover bid.
INEOS chief Ratcliffe is one of the two frontrunners to buy Manchester United along with Qatari businessman Sheikh Jassim bin Hamad al-Thani.
The pair recently submitted their third and final bids, with Sheikh Jassim proposing a complete buyout and Ratcliffe making an offer to take a controlling interest in the club and allow Joel and Avram Glazer to temporarily retain a 20% stake in United.