
Sir Jim Ratcliffe closing in on deal to become minority shareholder at Man Utd
Sir Jim Ratcliffe could finalise a deal to become a minority shareholder at Manchester United during the upcoming international break. Ratcliffe’s Ineos Group is expected to pay in the region of £1.25billion for a 25 per set stake in the Old Trafford club, while also acquiring significant control over footballing operations. There is no a firm timetable for the deal to be finalised, but the PA news agency understands it could come as early as next week, with Ineos optimistic it will be done before the Premier League campaign resumes on November 25 after the international break. Reports that the deal could come as soon as Monday have, however, been dismissed as that is the date of Sir Bobby Charlton’s funeral. It is almost a year since the Glazer family announced, on November 22, 2022, that they were considering “strategic alternatives” to help the club grow, which included consideration of a sale. Qatari Sheikh Jassim bin Hamad Al Thani and Ratcliffe emerged from a large field of interested parties, and made offers in the region of £5bn for a complete takeover, but that fell short of the Glazer family’s valuation. Sheikh Jassim then withdrew from the process last month, while Ratcliffe continued to pursue a minority shareholding which could later be increased. The 71-year-old, who tried to buy Chelsea last year, grew up in the Manchester region and describes himself as a lifelong fan of United. The deal is expected to lead to a major shake up of United’s football operations. Sir Dave Brailsford, the former performance director of British Cycling, is expected to take on significant influence in his role as Ineos’s director of sport. The group already owns French Ligue 1 club Nice and Swiss club Lausanne, as well as the Ineos Grenadiers cycling team and Ineos Britannia – the sailing team led by Sir Ben Ainslie. They also have a stake in Formula One team Mercedes, whose team principal Toto Wolff last week said he would also consider investing in United once Ratcliffe’s deal is completed. Ongoing speculation and uncertainty over the club’s ownership has come at a time when United are struggling on the pitch. Wednesday’s stunning 4-3 defeat to Copenhagen has left Erik ten Hag’s side bottom of their Champions League group, while they are eighth in the Premier League, having lost nine of 17 games in all competitions.
2023-11-10 18:50

Baltimore police confirm an active shooter situation near Morgan State University
Baltimore police are responding to "an active shooter situation" near the campus of Morgan State University, the department said Tuesday night.
2023-10-04 10:45

Phoebe Waller-Bridge dazzles in gown and cape with Harrison Ford at star-studded 'Indiana Jones' premiere
Harrison Ford appears as Indiana Jones for the final time in 'Dial of Destiny', the fifth film of the beloved franchise
2023-06-27 16:17

F1 fans react as Ryan Reynolds and Rob McElhenney buy stake in Alpine team
Ryan Reynolds and Rob McElhenney who own Wrexham Football Club are now making waves in motorsport after buying a stake in Formula One team Alpine. The pair are part of a group that also includes fellow Hollywood actor Michael B. Jordan, other investors include Otro Capital and RedBird Capital Partners who have made the $200m (approximately £157m) investment. While Reynolds and McElhenney will their stake through Reynolds’ Maximum Effort Investments vehicle as per Deadline. This sum represents a 24 per cent stake in the team, and the deal values the British and French-based Alpine Racing, at about £706m, according to the BBC. Sign up to our free Indy100 weekly newsletter Alpine, whose drivers are Esteban Ocon and Pierre Gasly, currently sit fifth in the constructors’ championship and so far this season have achieved one podium finish with Esteban Ocon coming third in the Monaco Grand Prix. Ocon currently sits ninth in the drivers’ championship, with his teammate Pierre Gasly in tenth. "This association is an important step to enhance our performance at all levels," Alpine chief executive Laurent Rossi said of the investment. Of course, Reynolds and McElhenney are no strangers to investing in a sports team after they bought Wrexham Football Club back in 2021, and this season the Welsh side won promotion to the Football League for the first time in 15 years and reached the fourth round of the FA Cup. Since the news of this deal broke, F1 fans have been reacting to the news with many hoping for an F1 x Deadpool collaboration... Here are some of the best reactions: This surely means, we'll be seeing Reynolds and McElhenney at an F1 race soon... Elsewhere, Ryan Reynolds ‘visits The Great British Bake Off tent’ and McLaren Formula One drivers reveal their Grand Prix day diets. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-06-26 19:17

Colombian coffee growers welcome truce with 'Paddington' bear
In a coffee-growing region of Colombia, the world's third-largest producer, a group of farmers have declared a truce with an indigenous inhabitant they once hunted but now hail -- the...
2023-07-06 09:57

Jennifer Lopez wishes she could protect her kids from having famous parents
Jennifer Lopez has sympathy for her 15-year-old twins having to grow up with famous parents.
2023-05-18 22:47

Special counsel continues to schedule witness interviews even as he moves closer to another possible Trump indictment
As anticipation builds for former President Donald Trump to be indicted for the third time this year, investigators in the special counsel's election interference probe are expected to speak with additional witnesses over the next several weeks, including at least one former Trump attorney.
2023-07-21 04:46

What is the Yulin Dog Meat Festival? Inside the barbaric tradition set to return this month
The Yulin Dog Meat Festival witnesses brutal torture and slaying of cats and dogs in the street
2023-06-20 02:48

Kim Kardashian reveals sentimental birthday gift she gives her four children every year
Kim Kardashian disclosed a heartfelt tradition she follows for each of her children's birthdays
2023-05-30 11:18

Saudi Wealth Fund Takes $15.6 Billion Hit From SoftBank and Tech
Saudi Arabia’s sovereign wealth fund reported a $15.6 billion comprehensive loss for 2022 after the value of its
2023-08-06 23:15

Operation to extract American researcher from one of the world's deepest caves advances to 700m
Rescue teams on Sunday in Turkey successfully carried an American researcher up from the depth of a cave at 3,410 feet to the 2,297-feet mark where he will rest before they continue the taxing journey to the surface
2023-09-10 18:45

'The Five' host Jeanine Pirro claims America is descending into 'total anarchy' as crime in NYC skyrockets
Jeanine Pirro blamed lenient bail laws for the criminal activity in NYC
2023-09-06 13:16
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