Source: TheGuardian
Jim Ratcliffe’s Manchester United bid still weeks from being concluded
No announcement planned after Thursday’s board meetingIneos owner has offered £1.3bn for 25% of UnitedSir Jim Ratcliffe’s bid to buy 25% of Manchester United is a few weeks from potentially being concluded, with Thursday’s meeting of the 12-strong board not due to rule on anything definitive regarding his £1.3bn offer.Although there may be a vote on some element relating to Ratcliffe’s proposal, it is understood an announcement is not imminent. Those in attendance are expected to be the six Glazer siblings, who have a combined 69% stake, plus Cliff Baty, the chief financial officer, Patrick Stewart, the chief legal officer and general counsel, and three independent directors, Robert Leitão, Manu Sawhney and John Hooks. Continue reading......read full article
