After almost a full year of uncertainty, British billionaire Sir Jim Ratcliffe is reportedly set to finalise his purchase 25% stake in Manchester United Football Club, and there are already some serious rumblings about big names he might be bringing on board.
While full confirmation of the purchase is yet to be verified, Sky News is reporting that after months of talks between Man United and Ratcliffe’s INEOS group, the Failsworth-born businessman and the current Glazer ownership are soon to agree on a $33-a-share deal.
It said that Sir Jim and his INEOS Sports arm plan to acquire 25% of both the listed A-shares and the B-shares, which carry greater voting rights on the board and, at present, are held exclusively by the Glazer family
Although this partial purchase will obviously see the Glazers still firmly intertwined with the club, the majority of fans will no doubt be pleased to hear that there is finally some movement and relinquishing of control after 18 years of unrest.
BREAKING: Sir Jim Ratcliffe's INEOS Sports could announce a deal to buy their 25% of Manchester United today 🚨 pic.twitter.com/eIgLzAakuJ
Ratcliffe’s stake in United could be confirmed any day now.
Sources have claimed that the current owners are keen to complete the deal before the Thanksgiving holiday with some of those close to the deal suggesting that it could be wrapped up as soon as Monday, 20 November with a provisional announcement even more imminent.
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In addition to the estimated $1 billion the petrochemical tycoon will be spending to acquire his stake in the club, it is thought that he will also be setting aside roughly £245m to improve the club’s infrastructure — updating Old Trafford being a top priority.
Former frontrunner in the potential United takeover, Shiekh Jassim bin Hamad al Thani, also promised to redevelop the stadium as well as huge investments in the squad and training complexes, all whilst wiping the club’s debt.
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Although Ratcliffe’s initial outlay won’t come anywhere near the Qatari royal’s state-funded vision for the club, having walked away from the deal after failing to meet the Glazers’ ever-changing asking price, the 71-year-old has insisted the purchase of shares will be with his own money and that he will not add any more to United’s current borrowings (roughly £969.6m back in March).
Moreover, perhaps one of the most interesting parts about Ratcliffe’s prospective share purchase is the names that are already being linked with the club should the deal go through.
After CEO Richard Arnold left the club earlier this week, with general counsel Patrick Stewart (not that one) stepping in as interim as they search for a full-time replacement, there is now lots of talk about further shake-ups amongst the board.
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According to The Telegraph, not only is Sir Alex Ferguson set to consult and help guide Sir Jim during his overhaul of the club but names that have been floated as a potential new sporting director include Spurs’ former head of recruitment Paul Mitchell and, believe it or not, football legend Paolo Maldini.
Only time will tell whether there’s any real substance in Maldini’s consideration or whether he’s simply on United’s list but despite being sacked from his role at AC Milan back in June, it would still be a big name with some serious pedigree to help kick off Ratcliffe’s impending era.
While Freedman is thought to be admired by Sir Alex Ferguson, it is understood that Atalanta’s Lee Congerton, former AC Milan pair Paolo Maldini and Ricky Massara, and Atletico Madrid’s Andrea Berta are also under consideration.
Luxury Manchester gym Blok confirms permanent closure after weeks of uncertainty
Daisy Jackson
Blok Manchester has announced its permanent closure, weeks after the doors to the premium fitness facility mysteriously closed.
Around a fortnight ago, members began to arrive to their classes to find the gym on Ducie Street locked up and a forfeiture notice on the door – but at the time, Blok said that it was fighting to reopen.
Sadly, in an email sent to members today, its founder has confirmed that the studio is now permanently closed.
Blok – which has several very successful sites down in London – said that its relationship with its landlord has ‘broken down to a point where trust has been lost’.
The gym wrote that it’s been left with ‘no workable way forward’.
They said: “BLOK Manchester was a space built by our loyal and dedicated community. Whether you joined us for one class or one hundred, we are deeply grateful. You helped create something genuinely special in an incredible city.”
In the immediate future, they said they’ll be supporting the team of fantastic trainers who worked here, as well as looking after members.
Members will be contacted within a few hours with options and refunds owed.
Blok Manchester has announced its permanent closure. Credit: The Manc Group
CEO and founder Ed Stanbury said: “While this marks the end of a chapter, we don’t see it as the end of our story in Manchester. We’re already speaking with developers about potential future sites and remain committed to returning to the city when the time is right.
“Thank you for being part of our story so far. Let’s shape the future of wellness. The mission continues.”
Commenting on Blok’s Instagram post – its first in almost a fortnight – people have been sharing their sadness at the closure of its Manchester site.
One person wrote: “beautiful space, beautiful staff and beautiful community.”
Another said: “Sending love to all the instructors !! :(((( gutted”
Someone else commented: “THE BEST CLASSES. I’m gutted.”
Manchester City plotting spending spree ‘before’ Club World Cup
Danny Jones
Manchester City are set to embark on somewhat of a spending spree this summer transfer window as the club’s higher-ups are looking to get business done before the 2025 Club World Cup.
With FIFA’s intercontinental club competition set to get underway in mid-June, the Blues don’t have too long to welcome in new players, but Man City chairman Khaldoon Al Mubarak has reiterated their urgency regarding recruitment.
Despite having brought in four new acquisitions in a very short space of time last season, the 50-year-old argued that he wasn’t completely happy with the extent and speed of their business.
Giving a lengthy interview this week, CFG‘s founding chairman has imposed an internal deadline ahead of the lucrative knockout competition.
Speaking with club media, Khaldoon recognised that while there were incomings in January of this year, he believes they “should have been more aggressive in some of the changes we needed to do, adding that he believes it “cost [them].”
“I can tell you today, we have clearly identified who exactly [the targets are], in what positions, and we have our clear number one option, our clear number two option”, he continues.
More importantly, he goes on to add: “We’ll go about our business, and it will be very clear, very swift. Our objective is to try to be ready with the new squad for the Club World Cup.”
He also suggested the flurry of activity this past January was not just atypical of the administration, but felt the squad fell into a crisis state with the number of injuries, insisting they “had to act.”
City have already been linked with a hugely talented and highly-rated European target in the wake of Kevin De Bruyne‘s departure and a lack of strength in depth in midfield.
An initial bid is said to have been received already and will likely be the first of many City summer signings.
He also insisted that the players who joined last season weren’t scattershot, emergency transfers (perhaps barring the resigning of İlkay Gündoğan) but were the start of the rebuild and “gives [fans] an idea of what’s coming this summer.”
Another player linked with a move to the Etihad Stadium is Lyon star Rayan Cherki, who scored in big moments during their Europa League run this year, registering 32 goal contributions across all competitions throughout the 24/25 campaign.
Who would you like to see added to Pep Guardiola’s side this summer, then, Man City fans?
You can watch Khaldoon Al Mubarak’s interview in full down below:
Danny Jones -
17th November 2023 
