sportbible homepage
sportbible homepage
  • Home
  • Football
    • Premier League
    • Champions League
    • World Cup
    • England
    • Transfer News
    • Manchester United
    • Liverpool
    • Arsenal
    • Real Madrid
    • Barcelona
  • Formula 1
    • Red Bull
    • Ferrari
    • McLaren
    • Mercedes
    • Max Verstappen
    • Lewis Hamilton
    • Lando Norris
    • George Russell
    • Charles Leclerc
  • Boxing
  • UFC
  • More Sport
    • Tennis
    • Golf
    • NBA
    • NFL
    • Darts
    • Athletics
    • Rugby
    • Wrestling
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Snapchat
TikTok
Threads
YouTube
Submit Your Content Here
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • LADbible
  • Tyla
  • FOODbible
  • UNILAD Tech
Glazers have secret clause which could see Sheikh Jassim buy Man Utd next year
Home>Football>Football News>Man Utd
Published 10:44 18 Jan 2024 GMT

Glazers have secret clause which could see Sheikh Jassim buy Man Utd next year

Sir Jim Ratcliffe agreed a deal to buy a 25% stake in Manchester United last month

Marcus Chan

Marcus Chan

google discoverFollow us on Google Discover

A secret clause could see the Glazers sell Manchester United to Sheikh Jassim bin Hamad Al Thani.

Back in November 2022, it was confirmed that the Glazers had put the Old Trafford club up for sale.

Last month, it was reported that British billionaire and INEOS boss Sir Jim Ratcliffe had agreed a deal to buy a 25 per cent stake in United.

Prior to that deal, it was widely known that Qatari banker Sheikh Jassim was interested in a full purchase of the club but ultimately failed to agree a deal with the Glazers.

Advert

It has been claimed that Ratcliffe and his team will handle the footballing side, with the Glazers heading up the commercial side.

The deal is set to be officially completed as soon as next month.

However, it has now been reported that Ratcliffe could be forced out of the club in 18 months.

According to The Times, documents have revealed that the Glazers have the power to sell United to another buyer.

The report also claimed that the Americans could oblige Ratcliffe to sell his 25 per cent stake in the club once an 18-month window has passed.

The document reads: “For so long as the Glazer parties are the majority holder, following the date that is 18 months after the closing date and in connection with any sale of the entire company, the Company Board may require the Trawlers party to sell all of their company ordinary shares and take such other actions as are reasonably necessary to effect the full sale.

“If the sale occurs within three years of the closing of the offer, the Trawlers parties must receive at least $33 per share, which is the same price as the offer price.”

Image
Getty

Speaking about Ratcliffe’s investment into United, former captain Roy Keane told Sky Sports: “We’re hoping there’ll be better decision-making at the top of the club, particularly in regards to recruitment which hasn’t been good enough, the fees they’ve been paying, the contracts they’ve been handing out.

“But he’ll need some time, he’s got good people around him and he’ll need to get a feel for everything before he can start to take Man United back to the very top.”

Featured Image Credit: Getty

Topics: Manchester United, Sir Jim Ratcliffe, Football

Marcus Chan
Marcus Chan

Recommended reads

Tommy Fury disagrees with Tyson's 'no choice' claim as he reveals why he doesn't want his children to boxGetty ImagesEddie Hall confirms retirement decision as ideal next opponent named ahead of Tommy Fury fightGetty Images'I wanted to give back to the sport that gave me everything' - Ashley Cole is finding himself in first manager jobGettyAn interview with Ben Stokes: 'English cricket doesn't lack talent... there are quite a few names'Getty Images

Advert

Choose your content:

an hour ago
2 hours ago
4 hours ago
  • Getty Images
    an hour ago

    Darwin Nunez backed to make spectacular Liverpool return after World Cup

    The return of the Uruguayan could be very shrewd business for the Reds

    Football
  • Getty Images
    2 hours ago

    FIFA plan new tournament with Palestine-Israel opener proposed as Russia open to taking part

    Gianni Infantino has previously spoken about using football for peace.

    Football
  • Getty Images
    4 hours ago

    Donald Trump given greenlight to break strict FIFA protocol during World Cup

    The US President has been heavily involved in the build-up to the tournament.

    Football
  • Getty Images
    4 hours ago

    World Cup nation sack manager just days into tournament

    The tournament is less than a week old, but one manager has already lost his job.

    Football
  • Sir Jim Ratcliffe already knows his first four Man Utd signings including 'Harry Kane level striker'
  • Sir Jim Ratcliffe could be 'forced out' of Man Utd in 2025 due to secret Glazers contract clause
  • The 'first' current Man Utd player Sir Jim Ratcliffe wanted to meet is a surprise pick
  • Sir Jim Ratcliffe and the Glazers have agreed to include bizarre clause as part of Man Utd deal