Man United takeover process to cross over to 2024 - reason for delay revealed

Man United takeover process to cross over to 2024 - reason for delay revealed

Sir Jim Ratcliffe's potential 25% purchase of Man United was in final negotiations this evening.

The Ineos team and the Glazer family have been working all week trying to complete the paperwork to begin the approval process.

The Times reports that even if everything is completed tomorrow, it will be several weeks before the agreement is fully ratified by the Premier League and other bodies.

What this means is that the fans would have to wait until 2024 for Sir Ratcliffe to arrive at their club.

The complications linked to the distribution of powers between the sporting aspect and commercial activities are believed to be one of the reasons why the negotiations took so long, with countless details and legal formalities.

The creation of a three-person board of directors had been suggested. However, the final agreement should allow Sir Jim Ratcliffe to have full power over all major decisions concerning the athlete.

Comments

Keep up to date with our latest articles and uploads...