Sir Jim Ratcliffe is reportedly planning to purchase a 25% stake in Manchester United from the Glazer family, and the deal seems to have taken a significant step forward following his private meeting with the executives at Old Trafford.
INEOS owner Sir Jim Ratcliffe is nearing the completion of a deal to acquire a 25% stake in Manchester United from the Glazer family. An official announcement is expected in the coming weeks. Prior to officially becoming a major shareholder at Old Trafford, Ratcliffe has allowed some of his close allies to familiarize themselves with the club.
Laurent Blanc, former CEO of PSG, is considered a strong candidate to replace Richard Arnold as the Chief Executive directly under Manchester United. According to The Athletic, besides Ratcliffe and Blanc, the meeting with the executives at Old Trafford on Thursday also included INEOS Director of Sport Sir Dave Brailsford.
There are reports that the negotiations aimed at understanding the reality for INEOS represent a significant step towards completing the share transfer agreement. Manchester United’s current Director of Football, John Murtough, and Acting CEO Patrick Stewart were both present at this meeting.
This is not the first time Brailsford and Blanc have visited MU. Many believe that they were present with Ratcliffe at Old Trafford in March during the initial negotiations.
Ratcliffe’s presence comes at a crucial time for Coach Ten Hag. The Dutch coach is facing instability in the locker room as several stars are reportedly unhappy with his strict coaching methods.
In addition to the lack of stability in the Premier League this season, MU’s fate in the Champions League will also be decided next Tuesday as they face a “do-or-die” match against Bayern, while still depending on the result of the remaining match between Galatasaray and Copenhagen.