Joel and Avram Glazer would step down from their executive roles at Manchester United if a Sir Jim Ratcliffe-led takeover of the club is completed, according to a new report.
The Daily Record’s Duncan Castles claims that individuals familiar with the negotiations say a deal is ‘close’ to being agreed, and that Ratcliffe himself is confident that a takeover will happen.
It is said that Avram and Joel prefer ‘strategic alternatives’ and external investment over a full sale of the family’s shares in the club.
That could give Ratcliffe a key advantage, with the claim also made that his offer would enable both men to retain their shares post-takeover or sell them at an additional premium during the first two years of his reign.
Ratcliffe submitted his latest bid prior to the deadline on Friday, with The Independent reporting that he valued the club at a higher amount that the Qatari-based offer, led by Sheikh Jassim and his Nine Two Foundation.
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