Ineos owner Sir Jim Ratcliffe wants to take control of football operations at Manchester United in a bid which would see the Glazers continue as majority owners of the club, it has been reported.
With Qatari banker Sheikh Jassim bin Hamad Al Thani seemingly no longer in the running to buy the 20-time champions of England, British billionaire Ratcliffe is understood to have devised a plan which would see him work alongside the Glazers initially.
According to the BBC, Ratcliffe’s Ineos group wants to assume control of football operations at Old Trafford with an estimated £1.3 billion bid which would secure a 25% stake in the club.
That investment would, he hopes, lead to an eventual buyout and takeover from the unpopular Glazers, majority shareholders since 2005.
The BBC say a meeting is scheduled to take place on Thursday to discuss the proposals, although it is unclear how such a structure would work.
And on social media, there has already been a negative reaction to the plans, with many fans unhappy at the idea of the Glazers’ continued involvement at United.
Former Manchester United right-back Gary Neville was among the sceptics, posting a thread with his thoughts on X (formerly Twitter).
“Can this really work and what impact will it have on a struggling organisation?” he wrote.
“How does a minority stakeholder positively impact the club to achieve the above? Can a minority shareholder have any impact on the above?”
And he added: “My preference is and always will be for a Glazer family full exit. They have overstayed their welcome in Manchester yet seem oblivious to this fact.”
More Manchester United stories
A former Manchester United player has likened the current state of the club’s training ground to that of a League One club.
Meanwhile, one of the club’s major summer signings appears to already be having doubts about his move to Old Trafford.
And Jadon Sancho is reportedly still fuming with Erik ten Hag after the pair’s falling out last month.
Thank you for reading 5 articles this month* Join now for unlimited access
Enjoy your first month for just £1 / $1 / €1
*Read 5 free articles per month without a subscription
Join now for unlimited access
Try first month for just £1 / $1 / €1
The best features, fun and footballing quizzes, straight to your inbox every week.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FourFourTwo – https://www.fourfourtwo.com/news/manchester-united-takeover-new-plans-revealed-for-ineos-to-work-with-glazers
