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Sir Jim Ratcliffe 'set to purchase 25% of Manchester United'

:Headline: Sir Jim Ratcliffe 'set to purchase 25% of Manchester United':
British billionaire Sir Jim Ratcliffe is close to a deal which will see him purchase 25% of Manchester United, according to a report.
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Sir Jim Ratcliffe 'set to purchase 25% of Manchester United'

Sir Jim Ratcliffe is reportedly closing in on a deal which will see him purchase 25% of Manchester United.

Sheikh Jassim bin Hamad Al Thani has allegedly officially withdrawn his bid for the club, having refused to increase his most recent offer, which is believed to have been in excess of £5bn.

Almost 12 months have passed since the club's current owners, the Glazer family, first revealed that they were open to discussing a possible sale.

Sheikh Jassim had only ever been interested in a 100% takeover, and it is alleged that he was willing to commit another £1.4bn to building a new stadium, improving the training ground and bringing in new players.

However, rather than wait for the Glazers to reject his latest offer, it is understood that the Qatari has officially pulled out of the race in a huge development in the process.

Sir Jim Ratcliffe 'set to purchase 25% of Manchester United'

The speculation surrounding Ratcliffe has gathered pace in recent days, with the owner and founder of the INEOS Group said to be considering altering his bid.

The British billionaire had allegedly initially wanted to bid for a majority stake but has now decided to make an offer for 25% of the club.

According to the Daily Mail, Ratcliffe is now on the verge of completing a deal, which see the Glazer family remain at the club.

The report claims that the boyhood Man United fan is determined to complete a gradual takeover, and his purchase of 25% is viewed as an important step in that process.

Journalist Ben Jacobs claims that Ratcliffe will pay around £1.5m, with his club valuation around £6bn.

The 25% stake is expected to be ratified in a board meeting next week, and Ratcliffe viewed the offer as a way to get his 'foot in the door' at this stage of proceedings.

There has allegedly been a huge divide within the Glazer family when it comes to the best course of action, with at least two of the siblings believed to have always been against a full sale at this moment.

Recent reports have suggested that the Glazers wanted to push Man United's valuation towards £10m due to the immense money coming into football from Saudi Arabia.

However, it is understood that their true valuation is around £6bn, and the American owners are set to remain in control of Erik ten Hag's side. body check tags ::

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TeamPWDLFAGDPTS
1Liverpool23175156213556
2Arsenal23138244212347
3Nottingham ForestNott'm Forest24145540271347
4Manchester CityMan City23125647301741
5Newcastle UnitedNewcastle24125742291341
6Chelsea23117545301540
7Bournemouth24117641281340
8Aston Villa2410773437-337
9Fulham249963632436
10Brighton & Hove AlbionBrighton2481063538-334
11Brentford2394104240231
12Manchester UnitedMan Utd2385102832-429
13Crystal Palace236982630-427
14West Ham UnitedWest Ham2376102844-1627
15Everton236892328-526
16Tottenham HotspurSpurs2373134637924
17Wolverhampton WanderersWolves2454153452-1819
18Leicester CityLeicester2445152553-2817
19Ipswich TownIpswich2437142249-2716
20Southampton2423191854-369
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