Football

Ineos Group Contemplates Minority Stake in Manchester United Amid Ownership Uncertainty

3 October, 2023

The Ineos Group, led by Sir Jim Ratcliffe, is exploring the possibility of offering to acquire a minority stake in Manchester United Football Club as part of efforts to address the ongoing uncertainty surrounding the club’s ownership.

The current owners, the Glazer family, disclosed in November their intention to explore strategic alternatives, potentially including the sale of Manchester United. This announcement generated substantial interest, but only two concrete offers have materialized, one from Ineos and the other from Qatari Sheikh Jassim bin Hamad Al Thani. Both offers were in the vicinity of £5 billion. Follow your favourite Premier League team with attractive football betting odds from Nextbet. 

Sheikh Jassim’s camp has consistently stated their interest in acquiring 100% ownership of the club. In contrast, Sir Jim Ratcliffe had expressed a preference for securing a majority stake in Manchester United.

However, with the Glazers appearing to take limited action in response to the offers, Sir Jim Ratcliffe is now contemplating a different approach to move forward. This alternative strategy involves Ineos acquiring a minority share in the club.

It’s worth noting that such a move may not sit well with some Manchester United supporters. Fans have previously staged protests against the Glazer family’s ownership, both within and outside Old Trafford.

Sir Jim Ratcliffe may view this approach as a viable means of establishing a long-term foothold in the club’s ownership structure. Importantly, this approach could allow the Glazer family to retain a significant shareholding in Manchester United, although specific details of any potential deal remain undisclosed.

The situation surrounding Manchester United’s ownership remains dynamic, with various stakeholders evaluating their options. As discussions continue, the future direction of one of the world’s most prominent football clubs remains uncertain. Get the latest updates from the Premier League only on Nextbet Sports.