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EPL

Ratcliffe at risk of being FORCED to sell Utd investment in just 18 months

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Sir Jim Ratcliffe may face the possibility of selling his 25% stake in Manchester United within 18 months, according to recent developments.

The British billionaire’s investment in the club was made public on Christmas Eve, following a deadline set by the 71-year-old. Ratcliffe has reportedly paid the Glazers £1.03 billion for his stake in the club.

Ratcliffe, who was seen watching United’s match against Tottenham alongside Sir Alex Ferguson at Old Trafford, has officially submitted his offer for a share of the Red Devils. The offer is expected to be finalized by mid-February and was officially presented on the New York Stock Exchange.

However, a tender document has revealed certain rules regarding the future sale of the club. According to a filing with the United States Securities and Exchange Commission (SEC), the Glazer family is not permitted to solicit or encourage any new offers for the first year after the tender offer is completed on February 13, unless they have written consent from Ratcliffe’s Trawler Ltd company.

Once this initial one-year period has passed, the Glazers would have the freedom to sell Manchester United outright. In such a scenario, Ratcliffe’s Trawlers Ltd company would be required to sell all their shares to any potential new buyer.

The tender document outlines the “drag-along right” for the Glazers, stating:

“For so long as the Glazer parties are the majority holder, following the date that is 18 months after the closing date and in connection with any sale of the entire company, the Company Board may require the Trawlers party to sell all of their company ordinary shares and take such other actions as are reasonably necessary to effect the full sale.”

It does also ensure that Ratcliffe will be guaranteed the equal amount “as the highest amount paid to any other shareholder of the same class of shares”.

The document says: “If the sale occurs within three years of the closing of the offer, the Trawlers parties must receive at least $33 per share, which is the same price as the offer price.”

In the meantime, Ratcliffe has penned a letter to the Manchester United Supporters Trust, expressing his commitment to doing everything within his power to restore the club to its former glory.

His statement said: “I wanted to write to you at this time given the critical role of the fans to the future of Manchester United as we recognise our responsibility as custodians of the club on your behalf.

“I believe we can bring sporting success on the pitch to complement the undoubted commercial success the club has enjoyed.

“It will require time and patience alongside rigour and the highest level of professional management.

“You are ambitious for Man Utd and so are we. There are no guarantees in sport, and change can inevitably take time but we are in it for the long-term and together we want to help take Man Utd back to where it belongs, at the very top of English European and world football. I take that responsibility very seriously.

“Please note that, as with any deal, it is subject to the usual regulatory sign-off process and therefore we do not expect to speak publicly about club matters until after the deal has completed.”

EPL

Palmer overtakes three-season Havertz stat at Chelsea

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Palmer overtakes three-season Havertz stat at Chelsea

Cole Palmer’s remarkable four-goal performance against Everton on Monday evening has propelled him to the top of the Premier League golden boot race.

With 20 goals to his name this season, he is now neck and neck with Erling Haaland in the race for the prestigious award.

His scoring spree also highlights his incredible impact at Chelsea, as he has now scored more league goals in his first seven months at the club than Kai Havertz managed in three seasons, tallying 19 goals.

Palmer’s outstanding form has been instrumental in Chelsea’s climb up the Premier League table, bringing them within just three points of sixth place.

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Champions League

‘He’s had 48 hours’ – Arsenal boss shares update on Bukayo Saka after furious penalty demand

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'He's had 48 hours' - Arsenal boss shares update on Bukayo Saka after furious penalty demand

Bukayo Saka expressed frustration at not being awarded a penalty after a clash with Manuel Neuer during Arsenal’s 2-2 draw with Bayern Munich in the Champions League quarter-finals.

He confronted the referee at full-time and even followed him down the tunnel, a departure from Saka’s typically composed demeanor.

When questioned about Saka’s condition before the upcoming match against Aston Villa on Sunday, Mikel Arteta stated, “Yes, he looked fine this morning.”

“He’s had 48 hours to think about it and it’s done.”

Arteta chose not to address the incident after the game, but there was a general consensus that Saka’s contact with Neuer was minimal.

Saka faced criticism for his reaction, but given the high emotions of the game, such reactions were not uncommon.

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Champions League

Real Madrid 3-3 Man City: Valverde caps off evening of stunning goals in Champions League thriller (Video)

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Real Madrid 3-3 Man City: Valverde caps off evening of stunning goals in Champions League thriller

Manchester City and Real Madrid played out an enthralling 3-3 draw in the first leg of their Champions League quarter-final, setting up an intriguing second leg at the Etihad Stadium.

City took an early lead through Bernardo Silva’s cleverly taken free-kick, but Madrid equalized twice with deflected strikes from Eduardo Camavinga and Rodrygo, which took slight touches off Ruben Dias and Manuel Akanji respectively.

Phil Foden restored City’s lead with a superb strike from outside the box, before Josko Gvardiol scored his first goal for the club with a fine right-footed shot to make it 3-2.

However, Madrid fought back once again, with Federico Valverde’s stunning volley ensuring the tie ended level.

The result leaves the quarter-final finely balanced ahead of the second leg, with City looking to replicate their 4-0 victory over Madrid in last season’s semi-finals at the Etihad Stadium.

There was a late injury concern for City as Foden hobbled off following a late tackle on his ankle, but the extent of the injury is yet to be determined.

Real Madrid vs Man City

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