The Glazer family will keep 20% of the club as part of Sir Jim Ratcliffe’s latest bid to take over Manchester United.
According to The Times reporter Matt Lawton, Manchester-born Ratcliffe is set to make a new bid before the deadline to buy the club ends on Friday and the news may be greeted poorly by many fans who are desperate for the current ownership to come to an end totally.
Latest Man United news: Glazer family set to remain at Old Trafford
British businessman Ratcliffe, 70, is the current Chief Executive of the multinational Chemicals group INEOS and is known to be a fan of the club, despite also owning a season ticket at Chelsea.
Ratcliffe’s move to keep the Glazer family on the board at United is seen to be a sweetener to help any potential deal go through, with brothers Avram and Joel Glazer apparently reluctant to relinquish control on the Old Trafford.
The bid would also see Ratcliffe, who also owns Ligue 1 club Nice, have majority control at United without having to buy the full asking price for the club.