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.
Details released of Andy Burnham’s meetings with Manchester City owners while Mayor
Emily Sergeant
Details of Andy Burnham’s meetings with Manchester City owners during his tenure as Mayor of Greater Manchester have been released.
In case you need bringing up to speed on the situation a little first, Manchester City was found guilty back in September all of its charges related to the Premier League’s financial rules over a nine-season period, and on top of that, was also found guilty of the majority of charges in relation to its failure to co-operate with the League’s investigation.
According to the Premier League, the independent Commission found that Manchester City had arranged so-called ‘sham’ commercial deals with a number of its sponsors.
These were part of a disguised funding scheme – with those sponsors only required to pay a portion of the relevant sponsorship fees.
The remainder was then funded by Abu Dhabi United Group Investment & Development Ltd (ADUG), which owned the club.
The Commission also concluded, as quoted by the Premier League, that the club had ‘made concerted efforts to stop and frustrate the Premier League investigation’.
Within the past week or so, it has since come to light that now-Prime Minister Andy Burnham had dealings with Manchester City during his tenure as Greater Manchester Mayor, and Greater Manchester Combined Authority (GMCA) has now issued a public statement, giving details on the matter and what these ‘dealings’ entailed.
A spokesperson for GMCA confirmed that Burnham had a ‘formal meeting’ with Man City Chairman, Khaldoon Al Mubarak, back in October 2021.
The statement reads in full: “In October 2021, Andy Burnham, in his role as Mayor of Greater Manchester, had a formal meeting with Khaldoon Al Mubarak at the UK Government’s Global Investment Summit arranged by the Department for International Trade.
“In his capacity as Mayor, he was a guest of Manchester City FC at home matches on a small number of occasions, including attending Vincent Kompany’s testimonial match in September 2019, where he met the Chairman informally in the stands. These have been declared in the usual way.
“Also during his time as Mayor, representatives of Greater Manchester sporting clubs would routinely join business delegations as part of Mayoral international visits.
“This included representatives from Manchester United travelling to Austin and Dublin, Lancashire Cricket Club joining a delegation to India, and Manchester City FC staff supporting visits to China and Japan.”
Featured Image – Lauren Hurley / Number 10 Downing Street (Press Image via Flickr)
Sport
Multiple arrests made for ‘tragedy chanting’ and police officer assault as Man City defeated Liverpool
Emily Sergeant
Multiple people were arrested over the weekend as Manchester City defeated Liverpool in a Premier League clash.
Merseyside Police have confirmed that a total of 10 people were arrested during the policing operation at Liverpool’s home ground of Anfield as they hosted Manchester City on Sunday 11 October.
One man was arrested on suspicion of assaulting a police constable, five were on suspicion of tragedy chanting, one on suspicion of being drunk and disorderly, two for affray, and one on suspicion of throwing items onto the pitch.
Police are now appealing to the public, and are particularly looking to speak to witnesses of the assault of the officer.
At around 6:35pm, as fans left the stadium, a police officer sustained a ‘serious facial injury’ during the arrest of a man on Anfield Road, and was subsequently taken to hospital for treatment but is now recovering at home.
Investigating officers are now conducting enquiries, speaking to witnesses, and analysing CCTV and camera phone footage.
Chief Inspector Leanne Hobin said it’s ‘extremely disappointing’ that an officer has sustained a serious injury while carrying out their duty.
“I hope the arrests send a clear message and act as a deterrent to others,” Chief Inspector Hobin continued. “Anyone who engages in this abhorrent behaviour risks ending up in custody and getting a criminal record.
“Despite the actions of a few, the overwhelming majority of the 60,000 fans in attendance behaved well and I want to thank them for their co-operation.”
Manchester City ended up defeated Liverpool 3-0 during the Premier League clash at Anfield.
Danny Jones -
17th November 2023 
