The takeover process drags on, with the latest update indicating that United fans will have to wait a little longer to see Sir Jim Ratcliffe officially at the club.
Sir Jim Ratcliffe‘s Ineos is set to clinch a 25 per cent stake in the club, The Mail reports, with a board meeting set to ratify the agreement.
That meeting is set to be held this afternoon, in what is now believed to be a ‘complex agreement’.
This could have major implications for Manchester United and Erik ten Hag.
Sir Jim Ratcliffe’s proposed takeover delayed
According to a report from The Daily Mail, Ratcliffe’s deal to take a 25 per cent stake in Manchester United may not be completed in time for the opening of the January transfer window.
It had been hoped that the investment in United, which is around £1.4billion by Ratcliffe, would have been passed at a board meeting which is due to be held this afternoon.
However, lawyers are continuing to work on the finer details of what is a complex agreement, and insiders have warned that a final agreement could now in fact take ‘weeks’.
This deal was hoped to have been finalised today.
This has major implications for Erik ten Hag
This subsequently means, as The Daily Mail also reported, that Manchester United are not planning major signings in January.
This is because, in compliance with financial fair play rules, United would need to sell or loan out current players in order to use funds.
This has massive implications on Ten Hag given his growing injury list. The fact no players can be signed in January could be a major issue – and house many future problems.
Not good. Just another day in the life of Manchester United.
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