EPL

Sir Jim Ratcliffe’s Man Utd share purchase set to be announced early next week

By Sports Desk December 04, 2023

Sir Jim Ratcliffe’s purchase of a 25 per cent stake in Manchester United is very likely to be announced early next week.

Confirmation of the investment by the 71-year-old’s Ineos Group would conclude a saga which has lasted more than a year, and sources have indicated that an announcement is strongly expected to be just days away.

The Glazer family who own United first announced on November 22, 2022 their intention to undertake a strategic review of their options, which included the possibility of them selling the club.

Many United fans, who have resented the Americans’ involvement in the club since their leveraged takeover in 2005, welcomed that news and until October of this year a buyout looked possible, with Ratcliffe and Qatari businessman Sheikh Jassim publicly in the running.

Sheikh Jassim withdrew his bid for full control of the club on October 14 and Ratcliffe’s focus has now shifted to taking a significant minority stake.

The deal is set to involve Ratcliffe purchasing a sufficient number of B shares from the Glazer family to secure 25 per cent of company voting rights.

Each B share carries 10 votes, whereas A shares carry one vote per share. The Glazers have hitherto owned all the B shares in United, affording them 95 per cent of the overall voting rights.

Ratcliffe’s Ineos Group is expected to pay in the region of £1.25billion for the share purchase, while also acquiring significant control over footballing operations.

It has also been reported that Ratcliffe is prepared to invest a further £245million to improve club infrastructure.

The deal had been expected to be done during the November international break, but that came and went and the one-year milestone was passed almost a fortnight ago.

The club announced on November 15 that Richard Arnold was stepping down as chief executive.

Sources close to Ineos indicated they were not involved in Arnold’s departure, but it seems likely that further change will be afoot once the deal is signed.

Related items

  • Ja's top club Cavalier, Dom Rep's Moca eye positive Champions Cup starts against FC Cincinnati, Nashville SC Ja's top club Cavalier, Dom Rep's Moca eye positive Champions Cup starts against FC Cincinnati, Nashville SC

    Jamaican club Cavalier and Dominican Republic’s Moca FC will be targeting quick starts in their respective 2024 Concacaf Champions Cup Round One campaigns, as they tackle Major League Soccer (MLS) outfits FC Cincinnati and Nashville FC in first leg action on Thursday.

    Moca FC hosts Nashville SC at the Estadio Cibao in Santiago de los Caballeros at 7:00pm, while Cavalier will also be at home to FC Cincinnati at the National Stadium at 9:00pm Jamaica time.

    Cavalier, who secured their spot in this edition of the Champions Cup by virtue of their runner-up finish in last year’s Concacaf Caribbean Cup, will be hoping to carry their form from the Jamaica Premier League into play and upset the proverbial applecart across the two-leg tie.

    The Rudolph Speid-coached side currently head the Jamaica Premier League standings on the back of a 12-match unbeaten run, the last four of which ended in clean sheet victories.

    “We have only conceded two goals in 12 (Jamaica Premier League) games, one being an own goal. So, we are on a trajectory and it is something that we plan because we know that we will be up against some good attackers in the Concacaf Champions League, so we try to hone our defence,” Speid said.

    While the level of competition on the Champions Cup stage is more formidable that the Jamaica Premier League and the Caribbean Cup, Cavalier have proven that they can compete and, if their rich scoring from the Caribbean Cup, in particular, is anything to go by, then FC Cincinnati will have to put every foot right defensively.

    No player had more goals in the Caribbean Cup than Shaniel Thomas, who finished with eight goals, including a pair of hat-tricks. However, Thomas didn’t do it alone as Jalmaro Calvin also scored four goals and was one of the playmakers in attack.

    Speid is backing that dynamic duo and others to execute accordingly against an FC Cincinnati team playing its first match of the year.

    “We just want to see what we can get from the two games against Cincinnati,” Speid added.

    Cincinnati FC also enjoyed a fruitful 2023 season in MLS, where they won the Supporters Shield as the team with the best regular season record.

    Like Cavalier, the Ohio-based club will be making their Champions Cup debut as well but boast both quality and experience within the squad. Attacking midfielder and 2023 MLS Most Valuable Player Luciano Acosta, who had 17 goals and 14 assists in 2023, is no stranger to the Champions Cup, as he enjoyed a stint with DC United in 2015-16 season. Now, almost eight years later, Acosta will get another crack at Concacaf glory.

    FC Cincinnati also have great strength in defence, especially in central defenders Matt Miazga and Miles Robinson, both of whom have won a Concacaf Gold Cup with the United States Men’s National team.

    A pair of seasoned FC Cincinnati defenders going up against Cavalier’s prolific attack should make for an intriguing first leg.

    Moca FC vs Nashville SC

    These two teams will also be making their Concacaf Champions Cup debuts, as Moca FC progressed by virtue of their third-place finish in the Caribbean Cup, while Nashville SC, due to their runner-up finish in last year’s Leagues Cup.

    Moca used a stifling defence and timely goal-scoring to reach the knockout stage of the Caribbean Cup, as they conceded just three goals in their four group stage games.

    In attack, Gustavo Ascona was a headache for opponents defence in scoring four goals, while Victor Sanchez was also threat in notching two goals.

    But they are up against an MLS team that boast one of the strongest squads in the Eastern Conference, which makes for a daunting assignment.

    Leading the way for Nashville is talented midfielder Hany Mukhtar, who pocketed MLS’s Most Valuable Player for the 2022 season, a feat he followed up with 15 goals and 11 assists in 2023. New arrival Tyler Boyd should also help in attack, after scoring seven goals and contributing four assists last season with the Los Angeles Galaxy.

    Nashville SC are also quite strong in defence, with United States Internationals Walker Zimmerman and Shaq Moore at the back. 

  • Reggae Boy Ravel Morrison draws interest from Championship trio: Sheffield Wednesday, Bolton Wanderers, and Peterborough United" Reggae Boy Ravel Morrison draws interest from Championship trio: Sheffield Wednesday, Bolton Wanderers, and Peterborough United"

    Reggae Boy Ravel Morrison finds himself at the center of attention as Sheffield Wednesday, Bolton Wanderers, and Peterborough United have expressed interest in securing the services of the 31-year-old midfielder.

    A free agent since parting ways with Major League Soccer side DC United at the beginning of this year, Morrison is eager to return to regular football action, sparking the interest of clubs across the English Championship.

    Sheffield Wednesday, currently grappling with the challenges of a survival fight in the Championship, sees Morrison as a potential boost to their attacking options. The free agent status of the Jamaican international has also piqued the interest of League One promotion hopefuls Bolton and Peterborough, both aiming to strengthen their squads for the crucial final weeks of the season.

    Having made his debut for Jamaica in November 2020, Morrison showcased his prowess by scoring his first international goal in a crucial World Cup qualification match against Honduras in March 2022. However, despite his impressive international outings, the 31-year-old has been sidelined from the Reggae Boyz squad since March 2023 due to a lack of club football activity.

    Should Morrison secure a contract with any of the three English Championship clubs currently courting him, it could potentially reignite his chances of returning to the national team. The window of opportunity, however, seems tight, with Jamaica's Reggae Boyz gearing up to face the United States in the CONCACAF Nations Cup semi-finals in late March.

    The possibility of a move to Sheffield Wednesday adds an intriguing layer to the narrative, considering Morrison's past stint with their cross-city rivals Sheffield United during the 2019-20 season.

    With a football journey that has taken him through clubs in six different countries, Morrison stands at a crossroads, contemplating a return to the league where it all began for the talented midfielder, or the prospect of venturing into League One for the first time in his career.

     

  • Man Utd will make fresh decision on Mason Greenwood future – Sir Jim Ratcliffe Man Utd will make fresh decision on Mason Greenwood future – Sir Jim Ratcliffe

    Sir Jim Ratcliffe says Manchester United will make a fresh decision on the future of forward Mason Greenwood and will “justify it one way or the other”.

    Greenwood, who is on loan at Spanish side Getafe, was suspended by United on January 30, 2022 over allegations relating to a young woman after images and videos were posted online.

    The now 22-year-old faced charges including attempted rape and assault but the Crown Prosecution Service announced in February last year that the case had been discontinued.

    Reports last year that United were planning to retain him following an internal investigation were met by public outcry and Ratcliffe acknowledges that a decision will have to be made when Greenwood returns about what happens next – but insists nothing has been finalised yet.

    “It’s quite clear we have to make a decision. There is no decision that’s been made,” Ratcliffe said at a media briefing to mark the completion of his purchase of a minority stake in United which delegates control of football operations to his company Ineos.

    Asked asked if the Greenwood situation would be a “fresh decision”, Ratcliffe said: “Yeah we will. Absolutely. We will make a decision, and we will justify it one way or the other.”

    Ratcliffe added: “He’s on loan obviously, but he’s not the only one – we’ve got one or two footballers that we have to deal with and we have to make a decision on, so we will do that.

    “The process will be – understand the facts, not the hype, and then try and come to a fair decision on the basis of values, which is basically: is he a good guy or not?

    “Could he play sincerely for Manchester United, (play) well and we’d be comfortable with it and the fans would be comfortable with it.”

    Greenwood is under contract at United until the summer of 2025.

© 2023 SportsMaxTV All Rights Reserved.