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Manchester United supporters were expecting a minority takeover bid accepted this week, but many would have been taken aback when it emerged that it was not in fact Sir Jim Ratcliffe’s.
Manchester United’s share price was volatile today after reports broke that US businessman Leon Cooperman had bought just under a million shares in the club.
One of Manchester United's top investors, Ariel Investments, has sold more than half of its stock in the club over the past 18 months.
The Manchester United takeover process is set to come to a head very soon amid the possibility that Sir Jim Ratcliffe has his 25 per cent investment bid ratified before the end of the international break.
Manchester United legend Dwight Yorke believes his former club is heading in the right direction by bringing Sir Jim Ratcliffe on board even if he will only hold a 25 per cent stake.
Manchester United are on the verge of announcing Sir Jim Ratcliffe's official arrival at Old Trafford.
LONDON: British billionaire Jim Ratcliffe could finalise a deal to become a minority shareholder at Manchester United during this month's international break, according to reports on Friday (Nov 10).
Sir Jim Ratcliffe could finalise a deal to become a minority shareholder at Manchester United during the upcoming international break.