Ineos owner confident bid will be accepted after Sheikh Jassim bin Hamad al-Thani pulled out of the reckoning
board is expected to vote on Sir Jim Ratcliffe’s bid to buy a 25 per cent share in the club for circa €1.5bn in the coming days, with sources close to the Ineos owner confident his offer will be accepted.
The six Glazer siblings are majority shareholders and are set to vote on Ratcliffe’s bid – if accepted, it would subsequently be formally ratified. The decision came after further recent discussions in which the Glazers made clear their asking price – thought to be €7.38bn – and Sheikh Jassim pulled out due to what sources close to him described as “a fanciful and outlandish valuation”. He had also pledged a further €1.6bn to finance transfers, plans for a new stadium and training facilities, plus city and community regeneration projects and, separately, to clear the near €1.15bn club debt.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sir Michael Parkinson has sadly passed away age 88His family confirmed the news: 'After a brief illness Sir Michael Parkinson passed away peacefully at home last night in the company of his family.'
Read more »
Sir Michael Caine, 90, announces his retirement from actingSir Michael Caine has announced his retirement from acting following the release of his latest and final film, The G
Read more »
Ratcliffe has stance on Ten Hag and will have direct role in Man Utd decisionsSir Jim Ratcliffe has beaten Sheikh Jassim bin Hamad Al Thani in the race to strike a deal with the Glazers, as INEOS are set to buy 25 per cent of Manchester United
Read more »
Jim O’Callaghan: Governments should pick judges, not unelected and unaccountable bodiesThe President has referred the Judicial Appointments Commission Bill to the Supreme Court to consider whether it is unconstitutional – as it might well be, given the precedent it may set
Read more »
Armstrong Oko-Flex scores twice as Republic of Ireland U21s keep up 100% recordJim Crawford’s side make it three wins from three in European Championship qualifiers
Read more »
Armstrong Oko-Flex stars as Ireland U21s maintain perfect start to qualifyingThe Zurich youngster’s brace helped Jim Crawford’s side overcome Latvia.
Read more »