Due to unforeseen circumstances, the £1.3 billion acquisition of a 25% stake in Manchester United by Sir Jim Ratcliffe faces delays, raising concerns about Sheikh Jassim bin Hamad Al Thani’s potential takeover fears until the Glazer family’s agreement is approved, which may extend into the next year.
The protracted takeover saga, initiated by the Glazers’ strategic review over a year ago, involves Sir Jim and Sheikh Jassim. After realizing the Glazer siblings’ reluctance to sell, Sheikh Jassim withdrew his £5 billion bid for complete ownership in October.
Sir Jim emerged as the leading contender to strike a deal, intending to retain the Glazer siblings’ substantial stake while granting INEOS control over sports.
Persistent delays, potentially linked to unresolved legal matters, have likely tested the patience of the 71-year-old founder of the major petrochemicals company, who was designated as the preferred bidder.
Reports suggest that these legal issues might postpone his certified ownership of a 25% stake in Old Trafford until the following year. Despite setbacks, both parties remain committed to the investment, aiming to conclude the deal promptly. However, the prolonged uncertainty leaves the door open for Sheikh Jassim’s potential return if Sir Jim fails to secure a position at Manchester United.
Rumors indicate that the Qatari banker, a devoted Manchester United fan, is contemplating alternative football investments. La Repubblica suggests that Sheikh Jassim is exploring negotiations to invest in Serie A giant Inter Milan, particularly given the club owner’s legal issues and substantial debts to Oaktree amounting to £340 million.
The prospect of Sheikh Jassim’s wealth benefiting the San Siro stadium could serve as a poignant reminder to Manchester United of missed opportunities.
Despite the Glazers’ proactive investment approach, Sir Jim’s anticipation for a minority ownership in the Red Devils is likely to prolong. The billionaire from Failsworth is expected to ascend to the helm at Old Trafford, assuming control of football operations by the following summer.
As the intricate dance of football ownership unfolds, uncertainties persist, and the fate of Manchester United’s ownership structure remains in flux, with multiple stakeholders vying for control and influence in the ongoing saga.
