Manchester United turns down advanced offer from Saudi sports chief Turki Alalshikh
Improving Club Operations with Strategic Partnership
INSIGHT INTO RATCLIFFE’S ROLE AT MANCHESTER UNITED
In a revealing interview with Emegypt’s podcast, The Business, Sir Jim Ratcliffe shed light on his operational involvement with Manchester United. Ratcliffe, who now commands nearly 30% ownership of the club after completing his partial purchase last year, highlighted the dynamics of decision-making within the club.
The Glazers, although still involved, have entrusted Ratcliffe with making significant decisions. “We’re local, and they’re on the other side of the pond,” Ratcliffe explained. “Managing a football club as monumental and multifaceted as Manchester United from afar poses challenges. Our presence here ensures feet on the ground management.”
STRATEGIC COMMUNICATION WITH THE GLAZERS
Ratcliffe emphasized the collaborative nature of the relationship, indicating that the Glazers regularly attend board meetings to discuss various matters. Addressing speculation about managerial decisions, such as rumors about the potential sacking of manager Ruben Amorim, Ratcliffe confidently stated, “It absolutely wouldn’t happen. We enjoy a solid working relationship.”
CONTRACTUAL OBLIGATIONS AND FUTURE PLANS
The investment strategy includes a ‘drag-on clause’, effective from August 2025. This stipulates that Ratcliffe must sell his shares if the Glazers accept an offer exceeding the $33 per share he originally paid. Ratcliffe alluded to this during a 2024 press conference, downplaying any immediate concerns. “I don’t think we’re going to be taking the legal agreements out of the bottom drawer,” he remarked.
| Key Contractual Dates | Details |
|---|---|
| August 2025 | Activation of drag-on clause |
| February 2027 | Additional restrictions applied, with exceptions for control changes |
RATCLIFFE AND GLAZERS: A STABLE PARTNERSHIP
The recent financial accounts released last month specify restrictions in place until February 2027, which include limitations on acquiring another club and paying dividends to both parties. However, these restrictions can be waived in the event of a ‘change of control transaction’.
Despite external speculation, Ratcliffe’s statements reflect a harmonious working relationship with the Glazers, devoid of backdoor negotiations or internal conflicts. This collaborative partnership continues to foster the club’s strategic growth and stability, casting doubt on rumors stemming from Alalshikh’s initial claims and subsequent denials.
