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Emir of Qatar 's Man Utd bid collapses

Ratcliffe given control, deal delayed

  • Qatari banker Sheikh Jassim bin Hamad Al Thani has withdrawn from the process to buy Manchester United, leaving British businessman Sir Jim Ratcliffe's Ineos Group as the main contender.
  • Sir Jim Ratcliffe is set to be granted immediate control of football operations at Old Trafford if his offer to buy a 25% stake in United for around £1.35 billion is approved by the club’s board.
  • Ratcliffe’s investment could potentially pave the way for significant changes on the football side at Manchester United, with possibilities of senior staff turnover
  • Ratcliffe's decision to buy a stake in Manchester United came after a difficult negotiation process with the Glazers, who have increased their valuation of the club to £6 billion.
  • The deal with Ratcliffe is not expected to be confirmed this week as final details are still being ironed out, but the negotiations are reportedly 'progressing at a clip'.
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