Talks are progressing regarding Sir Jim Ratcliffe’s potential takeover of Manchester United.
According to The Telegraph, a deal is ‘within sight’ and there is confidence it will go ahead.
While a deal is not expected to be completed over the next week, negotiations are said to be on track.
The report states: “Sources maintain that a deal remains within sight, and the sale is not believed to be in jeopardy despite ongoing delays.”
£1.35bn investment
Sir Jim Ratcliffe‘s Ineos are said to be prepared to pay £1.35 billion to acquire a 25 per cent stake in Manchester United.
This is expected to come with all kinds of conditions, including a major say in football operations and possibly even complete control.
There could even be a demand for a negotiated route to a full takeover at a later date, although these details are yet to become clear.
Extra funds separate
The amount Ineos will pay to purchase shares is just the beginning of their involvement in Manchester United.
According to a previous report in The Times, Ineos have funds set aside for improvements to Manchester United’s Old Trafford stadium.
An even earlier report from the outlet claimed Sir Jim Ratcliffe intends to increase Old Trafford’s capacity to 90,000.
The report also suggests more funds could be made available for transfers, however, this is more speculative.
All of this provides the backdrop to a chaotic season for Manchester United, where Ineos could provide a path to stability and a clearer way of operating.
United need help, that’s for sure, but by now, United fans have learned nothing is ever straightforward.
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