Premier League
The 12 who will decide the future of Manchester United at ownership level and Ratcliffe’s plan
With Sheikh Hashim withdrawing from the Manchester United takeover process, Ratcliffe is now free to take the club’s fortunes into his own hands. Thursday (October 19th) is expected to be the day on which the fate of the “Red Devils” will be decided at the ownership level.
One step before the team’s change of staff after 2005, a year in which the Glazer family Manchester United has taken over, the English club is about to accept Sir Tim Ratcliffe’s offer to buy 25% for almost 1.5 billion euros in 2026.
Based on sources close to their area INEOSthe British tycoon’s holding company, there is an agreement in principle with the six brothers of the Glazer family, the final decision of the Manchester board is planned for next Thursday (October 19th).
THE Ratcliffe wants direct control over sporting decisions and proposes a new structure in which INEOS representatives have seats on the board and influence over such matters. However, the exact nature of this agreement is still being studied and discussed.
The English owner of the French club Nice is aiming for structural changes in the way the team works, starting with the players’ department and ending with the Paul Mitchell And Michael Edwards to claim the position of Technical Director.
The former is known from his time at Southampton, Leipzig and Monaco, while the latter is the man who, together with Jürgen Klopp, built Liverpool, which won the Premier League after 30 years.
The future of the CEO is also uncertain Richard Arnold and the club’s football director, John Murtaughwith the former’s position expected to be taken over by the former CEO of Paris Saint-Germain, Jean Claude Blanc.
The 12 members who will decide the ownership status of the “Red Devils”.
His board of directors Manchester United run by the two brothers who took over at Old Trafford in April 2006, Joel And Abraham GlaserThe former have the most active role within the family and also have the largest share at 19%.
her four brothers, Kevin, Brian, Darcy And Edward, also hold positions on the board. Three other members are the club’s employees and the managing director Richard Arnoldthe finance manager Cliff Baty and the legal advisor Patrick Stewart be asked to decide on Sir Jim Ratcliffe’s purchase proposal.
The remaining three positions are filled by the independent directors, Robert Leitao, Manu Suchni And John Hookswho are responsible for representing the minority shareholders.
The decision to acquire 25% of it Manchester United is decided by the majority, while in the event of a tie, the presidents have a second or primary vote.
In practice, this would mean that a majority of board members approved his investment Ratcliffe, the agreement is ratified. If there is a stalemate, the deciding vote lies with the two chairmen Joel and Abraham Glazer.
Source: sport 24
Sophia Jhon is a sports journalist and author. He has worked as a news editor for Sportish and is now a sport columnist for the same publication. Alberta’s professional interests lie largely in sports news, with an emphasis on English football. He has also written articles on other sporting topics.