SIR JIM RATCLIFFE’s deal to buy 25 per cent of Manchester United could reportedly be completed by Monday.
The British billionaire and the Glazers are said to have agreed on a share price of “roughly” £26.54 each.
AFPSir Jim Ratcliffe could be a part of Man United by Monday[/caption]
PAThe Glazers want a deal wrapped up by Thursday[/caption]
If this is indeed the agreed-upon price, then it would see Ratcliffe paying a premium of 75 per cent on Thursday’s New York Stock Exchange closing price of £14.82.
Sky has now claimed that an announcement of a deal could come on Monday, however, is does suggest that it could be pushed back by a “couple of days”.
The report admits that there are still details of the deal that are yet to be finalised and could be affected by ongoing negotiations.
It is believed that the Glazers are keen to wrap a deal before Thanksgiving on November 23.
Ratcliffe is expected to commit a further £245m of his own money from his fortune to the club.
The finance is thought to be used to improve the club’s outdated infrastructure.
Sir Jim is to commit $300m (£245m) from his multibillion pound fortune to overhauling United’s ageing infrastructure, in addition to more than £1bn he will spend on acquiring a 25% stake.
The funds will be financed by Sir Jim personally and will not add to Manchester United‘s existing borrowings.
The Ineos chief will reportedly be advised by club legend Sir Alex Ferguson.
The Telegraph have claimed that the Scot will help Ratcliffe with guidance on some matters.
Fergie potentially could help Ratcliffe pick a new director of football with incumbent John Murtough expected to leave along with director of football operations David Harrison.
Another role that Ratcliffe will have to fill is the club’s chief executive.
This is because Richard Arnold was announced to be leaving the Red Devils after just two years.
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