The narrative surrounding Manchester United’s ownership change is escalating as fans grow increasingly furious with the current owners, the Glazer family. Supporters continuously call for a fresh takeover and an overhaul of the club’s ownership structure.
The Glazers turned down Sheikh Jassim’s bid for complete ownership, stating their valuation surpassed the Qatari businessman’s offer. This move stirred discontent among fans, leading them to express their displeasure on social media.
Sheikh Jassim withdrawal causes meltdown in United fans
The Qatari billionaire, Sheikh Jassim, presented his final offer to take over Manchester United’s ownership. However, after his demands were rejected, he informed the owners of his withdrawal from the bidding process.
According to the current owners, the Glazer brothers, Joel and Avram, are overseeing the club’s operations. The Qatari consortium offered £5 billion, demanding full control of operations, debt clearance, and additional investments. However, the Glazers refused the proposal.
The Glazers’ decision has enraged Manchester United fans, who demanded a full transfer of ownership. This rejection further angered supporters, leading to expressions of discontent on social media. Hashtags like “RIP Manchester United” and “Glazers out” are currently trending.
After Sheikh Jassim’s withdrawal from the deal, fans are criticizing the club’s executives for retaining ownership. Now, with only the British billionaire Sir Jim Ratcliffe remaining as the sole bidder, several supporters’ groups have united to voice their protests.
Jim Ratcliffe, believed to be a United fan himself, is willing to acquire 25% of the club’s shares for now, with plans to eventually take over the entire club. However, fans remain unsatisfied, insisting on a complete change in ownership.
Possible timeline of INEOS takeover
The INEOS Group Limited, owned by Sir Jim Ratcliffe, has agreed to purchase a portion of the club’s shares, reportedly 25%, through a £1.5 billion bid. The involvement of these petrochemical investors in the club hinges on a vote conducted by Manchester United.
This week, the club board will vote on the proposal to sell a quarter share of the club to Jim Ratcliffe. Once the deal is approved, INEOS Group Limited can officially submit its bid to secure the acquisition, becoming co-owners alongside the Glazer brothers.
Despite the fans’ lack of optimism about this proposal, it remains to be seen in the upcoming days whether the board will approve this bid or not.
What are your thoughts on the possible transition of Manchester United’s ownership? Are you in favor of a complete takeover? Share with us below.
