There are 12 people who will decide whether Sir Jim Ratcliffe can complete his minority takeover of Manchester United, it has been reported.
The INEOS chief has agreed a deal to acquire a 25 per cent stake in the club from the Glazer family, with theThat decision left Ratcliffe as the remaining runner at the forefront of the race, and the boyhood United fan is now closing in on owning a part of the club., the 70-year-old has negotiated a clause that will allow himself and INEOS representatives to have control over footballing matters at United.
Joel and Darcie, meanwhile, are the only two family members to hold Class A shares, which are also distributed to members of the public on the New York Stock Exchange. They also hold the most Class B shares as of June 2022 financial results, as perOther board members include the club's chief executive Richard Arnold - whose future is reportedly uncertain if a takeover goes through - and chief financial officer Cliff Baty.
Patrick Stewart, who is the club's legal counsel, is also on the board. Stewart also works as an arbitrator at the Court of Arbitration for Sport .The rest of the 12-strong board is made up of independent directors. They are Rothschild managing partner Robert Leitao, former ICC chief executive Manu Sawhney, and former Giorgio Armani deputy chairman John Hooks.
Each of the 12 board members will have a vote, with a majority decision deciding the outcome. Should the voting be tied, the final decision will be made by Joel and Avram, as co-chairmen. SPORTbible are on WhatsApp! We've launched a dedicated news channel to send you the latest news, features and plenty more directly on WhatsApp and all you need to do to sign up is click through to our one-way broadcast channelSir Jim Ratcliffe steps up Man Utd takeover plans by identifying his first hire that would delight fans“You were scared…” - Mario Balotelli brutally hit back at Zlatan Ibrahimovic's claim ex-Man City star failed to “exploit his...
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