The Manchester United takeover drama: What actually happened?

Sports Tak Staff October 14, 2023 [{ "selector": ".tzcls-a", "duration": "500ms", "fill": "forwards", "delay": "1000ms", "keyframes": [ {"offset": 0, "transform": "translateX(-408px) scale(0.15)", "opacity": "68%"}, {"offset": 1, "transform": "translateX(0) scale(1)", "opacity": "68%"} ] }, { "selector": ".pcwla-a", "duration": "500ms", "fill": "forwards", "delay": "1500ms", "keyframes": [ {"offset": 0, "transform": "translateX(calc(360px - 8px)) scale(0.15)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0px) scale(1)", "opacity": "1"} ] }, { "selector": ".foofe-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".mofdw-a", "duration": "500ms", "fill": "forwards", "delay": "2000ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Manchester United are currently in a tug-of-war for new owners.

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Their current owners, the Glazers family, are on their way out after fans' discontentment.

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The two key buyers are Sheikh Jassim of Qatar and INEOS owner Jim Ratcliffe.

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While Sheikh Jassim’s entourage wanted a complete takeover, Ratcliffe have offered to buy a 25% stake.

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After Sheikh Jassim's bid was turned bid, he has now withdrawn from the process.

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Sir Jim Ratcliffe is expected to have control of football/sporting operations.

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This will happen after vote of 25% minority stake is confirmed.

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Jassim offered to clear all old debt, with zero new debt for 100% of the club, but bid was declined.

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