Sir Jim Ratcliffe considers former Liverpool sporting director to oversee Manchester United’s new era
The Glazer family and Sir Jim Ratcliffe are still discussing the legal points of what the ownership structure of Manchester United would look like after INEOS’ takeover of a 25 percent stake, having agreed on the broad principles of the purchase. The prospective deal has been described by those involved as one of the most complicated in the long recent list of football takeovers, due to the distinctive condition of the minority owner taking full control of the sporting side of the club. It is understood that Ratcliffe’s eventual football staff would not have to run major decisions past the Glazers, as has been the case for the last decade. The main legal terms that have to be settled now are exactly how the separation would work, particularly as INEOS has been insistent on a potential path to majority ownership through equity. That may involve compromise on both sides to get this crucial initial agreement over the line, which has slowed what has already been a glacial structure. The Independent has been told that negotiations on a minority stake have actually been taking place since May, with INEOS quickly realising that the Glazers had no real intention of selling outright. As regards the eventual football structure, there have been tentative private conversations, but Ratcliffe and his staff want to properly survey how the club works when they are in place before making firm decisions. That means any overt influence in January is unlikely, if the deal is even confirmed by then. Former Liverpool sporting director Michael Edwards is admired by INEOS, to go with talk of Paul Mitchell and Dougie Freedman. It is uncertain, however, whether Edwards would want to get back into football. Any such appointments would form a group feeding up to Jean-Claude Blanc under Ratcliffe, with input from Sir Dave Brailsford. As regards when confirmation may finally come, those involved are waiting for the green light, since the stock exchange has to be informed within 24 hours. The nature of the discussions so far, however, has taught everyone not to be definitive about timeframes. Read More Manchester United takeover reaches one-year mark with Sir Jim Ratcliffe set to secure stake Manchester United CEO Richard Arnold steps down as Ineos era nears Harry Maguire ‘showing he can do the job’ – Erik ten Hag Rumours: Sancho and Antony head up Man Utd’s 15-player sale list Who are the contenders to replace Stephen Kenny as Republic of Ireland boss? Manchester United handed Luke Shaw fitness boost ahead of Everton match
2023-11-23 21:57
Elon Musk Calls Swedish Tesla Strikes ‘Insane’ as Impact Spreads
Elon Musk has thrown his weight behind Tesla Inc. in a labor dispute in Sweden, saying it’s “insane”
2023-11-23 21:57
Meloni and Scholz Deepen Ties, Leaving France Behind
Italian Prime Minister Giorgia Meloni and German Chancellor Olaf Scholz are spearheading a series of closer business dealings
2023-11-23 21:29
Thanksgiving Adds 46 Million Turkeys to Truckers’ Chilled Cargo
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2023-11-23 20:53
Migration to UK Still Near Record Despite Sunak Clampdown
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2023-11-23 20:28
Mexico’s Inflation Ticks Up as Banxico Holds Key Rate Steady
Mexico’s annual inflation sped up roughly in line with expectations in early November as central bankers begin to
2023-11-23 20:24
Wales to host Finland in Euro 2024 semi-final play-off
Wales have been drawn to host Finland in the semi-finals of the qualification play-offs for Euro 2024. The match will take place on Thursday, March 21 at Cardiff City Stadium. Should Rob Page’s men win that single-leg tie, they would then host either Poland or Estonia five days later at the same venue to play for a spot at next summer’s tournament in Germany. Finland finished third in Northern Ireland’s qualifying group – four points behind both Denmark and Slovenia – after winning six of their 10 fixtures. They sit 62nd in the FIFA rankings, 34 places below Wales, and are aiming to qualify for the European Championship finals for only the second time following their debut at Euro 2020. Wales are seeking to secure a third successive appearance at the finals of the competition and reach a fourth major tournament out of the last five after last year ending their 64-year wait to play at the World Cup. They finished third in Group D of qualifying, behind pool winners Turkey and second-placed Croatia. Just three of the 24 places at Euro 2024 remain up for grabs, with Wales attempting to navigate Path A of the play-offs. In Path B, Israel face a semi-final against Iceland following Thursday’s draw at UEFA headquarters in Nyon, Switzerland, while Bosnia and Herzegovina will host Ukraine. Georgia take on fellow potential tournament debutants Luxembourg in Path C, while Kazakhstan travel to 2004 European champions Greece in the other semi-final of that route. Read More Who are the contenders to replace Stephen Kenny as Republic of Ireland boss? On This Day in 2008 – Ricky Hatton dominates Paulie Malignaggi in Las Vegas New sponsor to help 460 clubs in Women’s FA Cup market themselves with AI app
2023-11-23 19:57
Bearish Oil Options Hit Record Volumes as OPEC+ Delays Meeting
Oil options trading took a sharply bearish turn as the OPEC+ producer group postponed a pivotal output-policy meeting
2023-11-23 19:55
Turkey’s Central Bank Outdoes Forecasts With Big Rate Hike
Turkey’s central bank hiked interest rates by double the amount markets expected on Thursday, bolstering the lira. The
2023-11-23 19:46
Russia ‘Spits’ on EU Sanctions in Escalating Propaganda Battle
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2023-11-23 19:24
Smallest UK Households Face Biggest Hike in Energy Price Cap
British households using the least amount of energy are set to pay the biggest rate increase this winter
2023-11-23 19:18
Swedish Fund Alecta Faces Prosecutor Probe on Its Property Stake
Pressure is again mounting on the Swedish pension group embroiled in the Silicon Valley Bank fallout this spring
2023-11-23 18:57