Sir Jim Ratcliffe’s Ineos company is growing less confident of their takeover bid for Manchester United with Sheikh Jassim’s bid now appearing to be in pole position to buy the club from the Glazers.
In a hugely protracted process that has taken over seven months, the Glazer family are finally on the same page regarding the club’s sale. There had been concerns that the family were at odds with each other over the process of selling the club as all six siblings still profit from their shares.
Ratcliffe, Britain’s richest man, had previously been tipped as favourite with his strategy of buying United but his hopes of a deal now may be fading. The INEOS chief’s offer would see him take a controlling interest in the club and allow current owners Joel and Avram Glazer to temporarily retain a 20 per cent stake in United.
