After a five-month process, the Glazers have reportedly chosen Sir Jim Ratcliffe and Ineos as their preferred bidder to take over the ownership of Manchester United. US bank Raine Group have been overseeing the sale, with three rounds of bidding ending at the end of April. Ratcliffe’s offer valued the club at closer to £6bn and included a clause that would see him complete a 100% buyout within three years. However, two of the Glazer siblings, Joel and Avram, will remain as part of the ownership group at United. The looming change of leadership is likely to herald a number of changes in senior management positions, with chief executive Richard Arnold being one of the first high-profile board members to be axed. The completion of the deal could still take several months and potentially hamper United’s ability to complete transfers in the summer window. Follow Metro Sport for the latest news on Facebook, Twitter and Instagram.
Glazer family picks Manchester United bidder
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