{"id":289425,"date":"2023-09-11T08:04:53","date_gmt":"2023-09-11T08:04:53","guid":{"rendered":"https:\/\/sportslifetale.com\/?p=289425"},"modified":"2023-09-11T08:04:53","modified_gmt":"2023-09-11T08:04:53","slug":"sir-jim-ratcliffe-makes-failure-admission-as-sheikh-jassim-takeover-date-set","status":"publish","type":"post","link":"https:\/\/sportslifetale.com\/soccer\/sir-jim-ratcliffe-makes-failure-admission-as-sheikh-jassim-takeover-date-set\/","title":{"rendered":"Sir Jim Ratcliffe makes \u2018failure\u2019 admission as Sheikh Jassim takeover ‘date set’"},"content":{"rendered":"

Man Utd players' feelings towards Jadon Sancho after latest Erik ten Hag spat<\/h3>\n

Sir Jim Ratcliffe has made a rare comment on INEOS’ bid to buy Manchester United amid reports that Sheikh Jassim bin Hamad Al Thani has won the race to complete a takeover. Ratcliffe – a boyhood United supporter – may have aimed a ‘failure’ jab at the Glazer family as the 10-month process continues.<\/p>\n

Last November, the Glazer family announced a ‘strategic review’ as they sought fresh investment, including a potential sale.<\/p>\n

Soon after, Ratcliffe and Qatari royal Sheikh Jassim emerged as the frontrunners to take control at Old Trafford, while several US hedge funds offered minority investment.<\/p>\n

Almost a year on, the fate of the club’s ownership is yet to be confirmed as the uncertainty continues to have an impact and protests against the Glazer regime roar on.<\/p>\n

But Ratcliffe has publicly addressed his attempts to secure a majority sale of United, which would see the Glazers retain a minority stake in the club.<\/p>\n

In an interview on INEOS’ YouTube channel, the British billionaire claimed that his pursuit of United has been supported by lessons he’s learned since buying French clubs Laussane-Sport and OGC Nice.<\/p>\n

“The Manchester United bid would have been unthinkable two or three years ago if we hadn’t had some of the experiences – some quite difficult experiences with Laussane and Nice,” Ratcliffe explained.<\/p>\n

READ MORE <\/strong> Ten Hag has four options with Antony absent and ‘no way back’ for Sancho[COMMENT] <\/strong><\/p>\n

<\/p>\n

United have paid over \u00a3900million in interest to banks following the creation of the club’s soaring debt since the Glazers completed a controversial takeover in 2005.<\/p>\n

The American family’s search for investment – and paused taking of dividends – is a damning indicator that their ownership has grown financially unsustainable.<\/p>\n

Ratcliffe adds that failure wouldn’t be an option if his INEOS bid were successful due to the high-profile nature of United’s ownership, with every action taken scrutinised.<\/p>\n

“You can’t really contemplate acquiring a brand like Manchester United and failing because the failure is just far too public and excruciating in a deal like that,” the 70-year-old said.<\/p>\n

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<\/p>\n

However, despite a lack of official word on the takeover saga, Ratcliffe could face defeat if strong reports in August come to fruition.<\/p>\n

According to The Sun, Sheikh Jassim has agreed a \u00a36billion takeover with the Glazers, and the deal could go through as early as mid-October.<\/p>\n

Sheikh Jassim’s representatives are claimed to be completing their due diligence before sealing a full takeover at Old Trafford, beating off competition from Ratcliffe.<\/p>\n

Other reports allege that there have been no significant developments and negotiations are ongoing.<\/p>\n

Follow Daily Express on\u00a0<\/strong>Threads<\/strong>\u00a0for all the latest news<\/strong><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Man Utd players' feelings towards Jadon Sancho after latest Erik ten Hag spat Sir Jim Ratcliffe has made a rare comment on INEOS’ bid to buy Manchester United amid reports that Sheikh Jassim bin Hamad Al Thani has won the race to complete a takeover. Ratcliffe – a boyhood United supporter – may have aimed […]<\/p>\n","protected":false},"author":2,"featured_media":289424,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"\nSir Jim Ratcliffe makes \u2018failure\u2019 admission as Sheikh Jassim takeover 'date set' - Sports Life Tale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sportslifetale.com\/soccer\/sir-jim-ratcliffe-makes-failure-admission-as-sheikh-jassim-takeover-date-set\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sir Jim Ratcliffe makes \u2018failure\u2019 admission as Sheikh Jassim takeover 'date set' - Sports Life Tale\" \/>\n<meta property=\"og:description\" content=\"Man Utd players' feelings towards Jadon Sancho after latest Erik ten Hag spat Sir Jim Ratcliffe has made a rare comment on INEOS’ bid to buy Manchester United amid reports that Sheikh Jassim bin Hamad Al Thani has won the race to complete a takeover. 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