Sir Jim Ratcliffe ‘would demand COMPLETE control of transfers the minute a deal is agreed for him to buy Manchester United’
- Sir Jim Ratcliffe is one of two bidders believed to be leading race to buy the club
- Ineos billionaire reported to want control of transfers moment deal is agreed
- Third bids for the club were submitted last week as they await responses
Potential Manchester United owner Sir Jim Ratcliffe is demanding he be given full control of transfers the moment his bid is accepted, it has been reported.
The Ineos billionaire is one of two parties, alongside Qatari Sheikh Jassim bin Hamad Al Thani, who are thought to lead the bidding process as the Glazer family ponder selling United after 18 years of highly controversial ownership.
According to The Telegraph, Ratcliffe’s bid for the club includes a demand he be handed the recruitment reins the moment his bid to buy the club is given the green light.
Both parties, it is claimed, have made requests for influence the moment their respective bid is accepted, with Sheikh Jassim said to want even further oversight over the club. It is claimed that such requests are an indication the process is expected to drag on into the summer, and perhaps beyond.
The report states that such requests are unlikely to be granted, with the Glazers likely to hold onto control until the dotted line is signed and the ink is dry.
Sir Jim Ratcliffe has reportedly demanded full control of transfers the moment his bid is accepted, should it be accepted, it has been reported
It’s said the Glazers would maintain a stake in the club and a place on the Red Devils’ board under Ratcliffe’s bid (Pictured: Avram Glazer, left, Joel Glazer, right)
It is said that there could be wider legal and logistical issues with such requests, quite aside from the commercial complications potentially faced by the Glazers should a request be granted.
Comparing the situation to that of an acquisition of a major company, the report points out that approval rights are often requested to ensure accounts are not run dry before the changing of hands takes place.
Third and final bids were submitted last week, with Ratcliffe believed to value the club higher than Sheikh Jassim, who for much of the process had appeared the favourite in the running.
Ratcliffe’s bid, in its current form, would see the Glazer brothers, Joel and Avram, remain stakeholders in the club.
Those close to the process, which is being run by US merchant bank Raine Group, say the prospect may well prove to be the preferred option with the two Glazer brothers – the members of the family most-heavily involved in the running of the club – given an opportunity to stay.
It is thought the final portion currently owned by various investment groups would also remain in place.
In a long and drawn out process that has seen Ratcliffe and Sheikh Jassim submit three bids it has become increasingly uncertain as to whether the American family will sell the club.
Widespread protests were seen ahead of United’s 1-0 victory over Aston Villa at Old Trafford on Sunday, while banners calling for the Glazers to sell the club have been prevalent at every game this season, though they have become understandably more prevalent after the statement last November which said a sale of the club was being explored.
United fans have demanded a full sale of the club as they continue to protest against the Glazers
The deadline for closing bids was on Friday and Qatari Sheikh Jassim bin Hamad Al Than presented an offer which was for full control of the club
Gary Neville, an outspoken former player, described the process as ‘shoddy’ last month.
He tweeted: ‘They’re making it up as they go along! Shoddy way to run a sale process.
‘They need to get out by end of May to allow the new owner a fighting chance to impact the next transfer window and get moving!’
Neville continued: ‘Taking it to a 3rd round (of bidding) is just classless. The market has obviously not given them the answer they want!
‘It’s like they’ve made a pact to each other that they won’t go for less than £1bn each family member. (5 of them). If they stay in after all this it will be toxic!’