![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/sheikh-jassims-stance-on-man-utd-takeover-as-sir-jim-ratcliffe-throws-spanner-in-works/&media=https://uknews.evprotec.com/wp-content/uploads/2023/10/0_Sheikh-Jassim-Ratcliffe.jpg&description=Sir Jim Ratcliffe is considering changing tack in his bid to buy Manchester United, with the INEOS chief executive now looking at acquiring a minority stake rather than completing a full takeover Sheikh Jassim bin Hamad Al Thani remains intent on acquiring 100 percent of Manchester United and completing a full takeover. The Qatari banker hasn't changed his stance in light of rival Sir Jim Ratcliffe mulling over the prospect of radically altering his proposal in the hope of breaking an 11-month stalemate. INEOS founder and chief executive Ratcliffe is reportedly looking into purchasing some of the Glazer family's shares floated on the New York Stock Exchange, giving him a 25 per cent stake in United. That would ensure the Glazers remain in charge of the Red Devils, a condition which Sheikh Jassim won't entertain in his bid. Sky Sports say that the son of Qatar's former prime minister is still committed to a full acquisition, despite nearly an entire year going by since United first announced that their board members would be "exploring strategic alternatives, including a sale," in November 2022. But after five bids from Sheikh Jassim worth up to £5billion, the Glazer family still aren't convinced and continue to consider minority investment, a strategy which arch rivals Liverpool - who are also American-owned - recently implemented to pay off bank debts. The Glazers have been holding out for £6bn, meaning that Ratcliffe could still end up paying £1.5bn for just a quarter of the club. It was mooted last week that the 70-year-old British billionaire, who was born in Greater Manchester and has supported United all his life, was in the process of restructuring his bid. In July, Ratcliffe said that INEOS had submitted a "good offer," adding: "We have met with the Glazers a couple of times. "We have had good discussions with them. We would still very much like to do it. And we would be doing it for the right reasons. But in the end it is their decision not our decision." H){kind=link}
Sir Jim Ratcliffe is considering changing tack in his bid to buy Manchester United, with the INEOS chief executive now looking at acquiring a minority stake rather than completing a full takeover
Sheikh Jassim bin Hamad Al Thani remains intent on acquiring 100 percent of Manchester United and completing a full takeover.
The Qatari banker hasn’t changed his stance in light of rival Sir Jim Ratcliffe mulling over the prospect of radically altering his proposal in the hope of breaking an 11-month stalemate. INEOS founder and chief executive Ratcliffe is reportedly looking into purchasing some of the Glazer family’s shares floated on the New York Stock Exchange, giving him a 25 per cent stake in United.
That would ensure the Glazers remain in charge of the Red Devils, a condition which Sheikh Jassim won’t entertain in his bid. Sky Sports say that the son of Qatar’s former prime minister is still committed to a full acquisition, despite nearly an entire year going by since United first announced that their board members would be “exploring strategic alternatives, including a sale,” in November 2022.
But after five bids from Sheikh Jassim worth up to £5billion, the Glazer family still aren’t convinced and continue to consider minority investment, a strategy which arch rivals Liverpool – who are also American-owned – recently implemented to pay off bank debts. The Glazers have been holding out for £6bn, meaning that Ratcliffe could still end up paying £1.5bn for just a quarter of the club.