MANCHESTER: A leading Manchester United fans' group called on Sunday for clarity on the future of the English giants amid speculation British billiona...
Ineos chairman Jim Ratcliffe is pictured at Old Trafford in Manchester, Britain, March 17, 2023 REUTERSPIX: A leading Manchester United fans' group called on Sunday for clarity on the future of the English giants amid speculation British billionaire Jim Ratcliffe is set to take a minority stake in the club.
Ratcliffe was the other frontrunner during several rounds of bidding, but no offer has yet met the £6 billion valuation put on the club by the Glazers. The Glazers have been unpopular with supporters ever since a leveraged takeover in 2005 for £790 million saddled the club with huge debts. “Furthermore the outcome must include new investment into the club. It cannot be solely about the interests of shareholders, whether existing or new.Neville raises concerns
“How does a minority shareholder stop cultural decline across a whole organisation if the people who have overseen this decline still have a majority shareholding?”
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