The Glazers' first words as Sir Jim Ratcliffe's investment into Manchester United confirmed
manchestereveningnews.co.ukAvram and Joel Glazer have said they are 'delighted' to have agreed a deal with Sir Jim Ratcliffe and INEOS to acquire 25 per cent of Manchester United.
United announced in November 2022 they were exploring 'strategic alternatives' for the club and multiple rounds of bidding between Ratcliffe and Sheikh Jassim bin Hamal Al Thani of Qatar followed.
It's understood the Glazers were always reluctant to sell their majority stake and Ratcliffe eventually prevailed in negotiations, with his bid of around £1.25 billion for 25 per cent finally being made official on Christmas Eve. ALSO READ: Newcastle will fight to keep Ratcliffe's target ALSO READ: Ten Hag has made risky United call The deal will see Ratcliffe assume control of football operations once approved by the Premier League, a process which is expected to take between six and eight weeks.
Avram Glazer and Joel Glazer said: “We are delighted to have agreed this deal with Sir Jim Ratcliffe and INEOS. As part of the strategic review we announced in November 2022, we committed to look at a variety of alternatives to help enhance Manchester United, with a focus on delivering success for our men’s, women’s and Academy teams. “Sir Jim and INEOS bring a wealth of commercial experience as well as significant financial commitment into the club.
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