The Glazer family stand to make a staggering amount of money once Jim Ratcliffe's partial takeover of Manchester United is finalised, a report says.
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United confirmed Ratcliffe's 25% stakeGlazers set to earn large sum once ratifiedWill mean they have earned over £1bnWHAT HAPPENED?
United confirmed on Christmas Eve an agreement with Ratcliffe which will see the British businessman take a 25 percent stake in the club for a total of £1.25 billion ($1.59bn). United's majority stakeholders, Joel and Avram Glazer, stand to make a significant sum once the deal is ratified.
AdvertisementGetty ImagesTHE BIGGER PICTURE
The Americans will take home around £715 million ($913m) from selling the shares to Ratcliffe, according to They have already earned around £465m ($594m) from previous share sales and £150m ($192m), meaning they will have pocketed over £1bn ($1.28bn) from United overall.
DID YOU KNOW?
The takeover deal will have to be ratified by the Premier League and given the approval of the club's Class A shareholders before it can be confirmed. Ratcliffe has pledged to provide $300 million (£237m) in funding to renew the infrastructure at Old Trafford and it has been reported that his INEOS group will have to be consulted regarding transfer decisions and the possible sacking of coach Erik ten Hag in January.
(C)Getty ImagesWHAT NEXT FOR MAN UTD?
After coming back from two goals down to beat Aston Villa 3-2 on Tuesday, United will hope to round off 2023 with a win when they take on Nottingham Forest on December 30 before they can strengthen the squad in the January transfer window.