{"id":22277,"date":"2023-09-26T11:21:48","date_gmt":"2023-09-26T11:21:48","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/billionaire-ratcliffe-is-restructuring-his-bid-to-buy-manchester-united-report\/"},"modified":"2023-09-26T11:21:49","modified_gmt":"2023-09-26T11:21:49","slug":"billionaire-ratcliffe-is-restructuring-his-bid-to-buy-manchester-united-report","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=22277","title":{"rendered":"Billionaire Ratcliffe is restructuring his bid to buy Manchester United – report"},"content":{"rendered":"
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\u00a9 Reuters Billionaire Ratcliffe is restructuring his bid to buy Manchester United – report<\/span>
\n<\/i>\n<\/div>\n

British billionaire Jim Ratcliffe is reportedly reworking his bid to purchase Manchester United (NYSE:) in an effort to resolve the ongoing deadlock in the takeover process, Bloomberg News reported today.<\/p>\n

Ratcliffe is collaborating with his advisors to address concerns raised by minority investors in the English Premier League football club regarding the terms of his offer.<\/p>\n

Ratcliffe’s initial proposal sought to acquire 69% of the shares in Manchester United that are currently owned by the U.S.-based Glazer family.<\/p>\n

\u201cWe have a good offer,\u201d Ratcliffe, a lifelong Manchester United fan, said at a media event in July. \u201cWe still would very much like to do it, and I think we would do a good job if we did.\u201d<\/p>\n

However, this arrangement left limited benefits for holders of the club’s remaining stock, including investors such as Lindsell Train, Ariel Investments LLC, and Eminence Capital.<\/p>\n

It was previously reported by Bloomberg that one of the top three shareholders in Manchester United had sent a letter to the club’s board, cautioning that independent directors could potentially face legal action if they recommended a bid that favored one group of shareholders over another.<\/p>\n

Ratcliffe is in competition with a group of Qatari investors led by Sheikh Jassim bin Hamad al-Thani for the acquisition of Manchester United. This potential purchase is poised to become one of the largest deals ever involving a sports team.<\/p>\n

It’s worth noting that the Glazer family announced nearly a year ago that they would undertake a strategic review of their ownership of the club.<\/p>\n

Manchester United shares rose 2.5% on the news.<\/p>\n

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\u00a0<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters Billionaire Ratcliffe is restructuring his bid to buy Manchester United – report British billionaire Jim Ratcliffe is reportedly reworking his bid to purchase Manchester United (NYSE:) in an effort to resolve the ongoing deadlock in the takeover process, Bloomberg News reported today. Ratcliffe is collaborating with his advisors to address concerns raised by<\/p>\n","protected":false},"author":1,"featured_media":22278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-22277","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"\nBillionaire Ratcliffe is restructuring his bid to buy Manchester United - report | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters Billionaire Ratcliffe is restructuring his bid to buy Manchester United - report British billionaire Jim Ratcliffe is reportedly reworking his\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/microloannexus.com\/?p=22277\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billionaire Ratcliffe is restructuring his bid to buy Manchester United - 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