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United board to vote on Ratcliffe’s bid
THE GUARDIAN – Manchester United’s board is expected to vote on Sir Jim Ratcliffe’s bid to buy a 25% share in the club for about £1.3bn in the coming days, with sources close to the Ineos owner confident his offer will be accepted.
Ratcliffe’s offer values United at £6.2bn, while the whole club is actually valued at about $3.2bn (£2.63m). It is thought that Ratcliffe, who is one of Britain’s richest people, may have offered a premium price for his potential holding in exchange to gain sporting control of the club.
Ratcliffe is now the only publicly declared bidder after Sheikh Jassim bin Hamad al-Thani informed the Glazers that he had withdrawn his 100% offer of more than £5bn for the club.