Manchester United co-chairman Joel Glazer will maintain an influence over decisions on football matters once Sir Jim Ratcliffe purchases a stake.
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Ratcliffe to buy stake in Man UtdWill control football decisionsGlazer to be included on committeeWHAT HAPPENED?
Ratcliffe and his INEOS group are set to buy a 25 percent stake in United and take charge of the sporting side of the business. However, Glazer will remain involved as he will be named on a three-man committee alongside Ratcliffe and INEOS's director of sport Sir Dave Brailsford, reports.
AdvertisementGettyTHE BIGGER PICTURE
Ratcliffe will pay £1.3 billion to take a minority stake in United and while that deal was supposed to be pushed through on Thursday, it could take several weeks before the deal is sent to the Premier League for approval. It could then take a further eight weeks for the deal to be completed and announced.
DID YOU KNOW?
The process, which has been going on for almost a year, is said to be progressing smoothly. It will include plans to put funds aside for redevelopment of Old Trafford. The British billionaire is reportedly eager to expand the stadium's capacity from 77,000 to around 90,000.
GettyWHAT HAPPENS NEXT?
The purchase will be ratified in the near future before being presented to the Premier League for approval.