Tag: Ratcliffe

  • Spurs spoil Ratcliffe’s first visit as Man United  co-owner

    Spurs spoil Ratcliffe’s first visit as Man United  co-owner

    Manchester United failed to welcome the club’s new co-owner Jim Ratcliffe to Old Trafford with a win as Tottenham twice came from behind to claim a 2-2 draw on Sunday.

    Ratcliffe was in attendance for the first time since agreeing a deal to take a 25 percent stake of the English giants for $1.3 billion.

    Goals for United forwards in the Premier League have been in short supply at Old Trafford this season but both Rasmus Hojlund and Marcus Rashford struck in the first half, either side of Richarlison’s equaliser.

    Rodrigo Bentancur’s strike in the first minute of the second half levelled the scores once more.

    A point moves Tottenham level with north London rivals Arsenal but leaves them still outside the top four on goal difference.

    But they will be the happier with the draw as they remain eight points ahead of United, who edge up to seventh.

    Ratcliffe declared before kick-off that taking a share in his boyhood club is the most exciting investment he has been involved in.

    But the British billionaire, who sat alongside legendary former United manager Alex Ferguson in the directors’ box, got an early introduction to the rollercoaster ride of owning a football club.

    Erik ten Hag’s men desperately needed the three points to reel in Spurs in the race for a place in next season’s Champions League.

    And the Red Devils could not have wished for a better start.

    Hojlund took 15 games to score a Premier League goal after his £72 million ($92 million) move from Atalanta.

    But the Dane now has two in as many appearances in the English top flight as he blasted a loose ball high past Guglielmo Vicario after just three minutes.

    Tottenham were without captain Son Heung-min, who is off leading South Korea’s bid for glory at the Asian Cup, and Dejan Kulusevski due to illness.

    Those absences forced Ange Postecoglou’s hand in throwing new loan signing Timo Werner straight into his starting line-up.

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    The German struggled during a previous spell in England with Chelsea, but was unfortunate not to have a debut to remember when his goal bound header was flicked to safety by Jonny Evans.

    From the resulting corner, Bentancur’s header was cleared off the line by Diogo Dalot.

    United, though, did not learn their lesson from Tottenham’s set-piece threat as Richarlison nodded in another wicked delivery from Pedro Porro to equalise.

    Spurs then took control of the game, but still found themselves behind by half-time.

    Rashford had not scored at Old Trafford since May, but has shown glimpses of finding his form in recent weeks.

    The England international exchanged a one-two with Hojlund then coolly slotted into the far corner.

    Spurs should still have levelled before the break as Werner dragged a good chance on the counter-attack wide before Cristian Romero headed another dangerous corner onto the crossbar.

    The visitors had to wait less than a minute after the interval to strike back again as Werner teed up Bentancur to fire past Andre Onana at his near post.

    Both sides had chances to win it as Richarlison curled an effort too close to Onana.

    At the other end, Scott McTominay missed a glorious chance to snatch all three points when he headed over when unmarked with practically the last touch of the game.

  • Ratcliffe close to Man Utd minority stake agreement

    Ratcliffe close to Man Utd minority stake agreement

    Sir Jim Ratcliffe’s deal to become a minority shareholder in Manchester United is expected to be agreed during this month’s international break, possibly as early as next week.

    It is expected Ratcliffe’s Ineos Group will pay around £1.25bn to buy 25%.

    United’s owners the Glazer family announced on 22 November 2022 they were considering selling the club.

    Ineos and Qatari banker Sheikh Jassim bin Hamad Al Thani both made offers, tabling bids of around £5bn.

    However, neither bidder was willing to reach the Glazer family’s valuation, with co-chairs Joel and Avram Glazer both known to be reluctant sellers.

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    Sheikh Jassim withdrew from the process last month, claiming his final bid, thought to be double United’s $3.2bn (£2.64bn) stock market valuation, had not met the Glazers’ demands.

    Ratcliffe had already amended his initial plan to buy the Glazers’ 69% shareholding and reduced it to a ‘majority’ stake.

    However, it was only when he reduced it again, to an anticipated 25%, that the potential for an agreement increased.

    It is not entirely clear what the structure of the deal will be, nor if there will be specific dates that would allow Ratcliffe to increase his shareholding. It is thought around £245m in additional funds will be made available by Ratcliffe for infrastructure works related to the stadium.