Ratcliffe’s £5bn Manchester United bid has Glazer buyout clause
The billionaire petrochemicals tycoon Sir Jim Ratcliffe is proposing a full buyout of Manchester United Football Club after three years if he succeeds with a £5bn provide to take management of the Old Trafford outfit.Sky News has learnt that the Ineos billionaire's takeover bid contains put-and-call preparations which might grow to be exercisable in 2026, and which might pave the way in which for the Glazer household's full exit as shareholders.
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Ineos chairman Jim Ratcliffe
The disclosure comes simply over per week after the Glazers - who've managed United since 2005 - sought a 3rd spherical of affords for the membership.Sources stated this weekend that Sir Jim's provide for majority possession would come with t...