There are some substantial payouts that the Glazer family stands to gain over Jim Ratcliffe’s minority takeover, MySportDab reports.
Manchester United have agreed upon a deal which will see 25 percent stake at the club being sold to a British Billionaire.
The figures in which the Glazer family will receive from Jim Ratcliffe minority takeover at Manchester United have been made public.
Those at Old Trafford are also hoping for a significant change in decision making and other aspect of the club moving forward.
Jim Ratcliffe 25 percent takeover is still pending the Premier League approval after Manchester United agreed on pushing forward with the arrangement.
The deal is now being processed and could become official in January or February 2024 depending on how long the whole thing might take.
Meanwhile as the approval is being waited upon, there has been many talk concerning the figures that will be paid to the Glazer’s.
There are also expected to be an investment put in by the new part owner when the deal becomes valid and official from the Premier League.
According to reports from Transfer News Live, they confirmed an amount more than £1.3 billion will be paid out to the Glazer as part of the takeover fee.
Here Is What Was Said:
“The Glazer family will have pocketed more than £1.3bn from share sales and dividend payments at Manchester United once Sir Jim Ratcliffe’s deal for a 25% stake in the club is formally completed.
There will also be massive investment in making numerous changes with the Stadium, staffs and also bringing in new players in the transfer window.
Erik Ten Hag already reacted to the incoming changes which he feels positive and the move needed to shake things around and bring them back to glory days.
The Glazer did reject a full sale before Jim Ratcliffe offer was accept for a 25 percent sale of the club which still give the real owners control.