Sir Jim Ratcliffe Issues Statement On Possible Manchester United Takeover. Sir Jim Ratcliffe formally makes his attempt to acquire Manchester United, emphasizing the need for “fan-centred” ownership.
Sheikh Jassim bin Hamad bin Al Thani will fight against the English businessman. The Qatari financier has promised to reinvest any profits made during his tenure in the club.
The takeover will bring an end to the Glazer family’s 18-year reign at Manchester United. Despite United’s debt increasing to £514.9m during their control, potential purchasers have not been discouraged from entering the bidding war.
Ratcliffe’s company, INEOS, revealed on Saturday that the Manchester-born tycoon is interested in acquiring Manchester United.
“We can confirm that Sir Jim Ratcliffe and INEOS have submitted a bid for majority ownership of Manchester United Football Club,” a statement read.
“We would see our role as the long-term custodians of Manchester United on behalf of the fans and the wider community.
“We are ambitious and highly competitive and would want to invest in Manchester United to make them the number one club in the world once again.
“We also recognise that football governance in this country is at a crossroads. We would want to help lead this next chapter, deepening the culture of English football by making the club a beacon for a modern, progressive, fan-centred approach to ownership.
Sir Jim Ratcliffe publishes a"vure and weak" statement of intent to acquire Manchester United, the statement made no mention of:
1- Infrastructure and Club
2- Community Role and City Support
3. Debt status of the club
— Khaled_MUFC🇯🇴🇯🇴 (@K_Alawaysheh) February 18, 2023
“We want a Manchester United anchored in its proud history and roots in the North-West of England, putting the Manchester back into Manchester United and clearly focusing on winning the Champions League.”