Sir Jim Ratcliffe and Ineos are now in line to buy an initial 25 per cent stake in Manchester United, with the decision set to be ratified at a club board meeting this week. The billionaire petrochemicals mogul wants this to be a “path to a majority”, according to involved figures, and will already be seeking influence on football decisions.
While Sheikh Jassim’s withdrawal was confirmed on Saturday evening, this has been interpreted as “face-saving”, as the ultimately underwhelming Qatari bid had been tactically outmaneuvered by Ineos. It had long been felt by those with knowledge of Ratcliffe’s bid that Avram and Joel Glazer would ultimately never agree on a full sale now – preventing the unanimity required – which led the Ineos bid to pursue alternative options.
