Sir Jim Ratcliffe has ‘formally’ entered the bidding process to buy Manchester United from the Glazer family, a spokesperson for the billionaire has confirmed.
Ratcliffe is commonly referred to as Britain’s richest man, heading up petrochemicals firm INEOS. He was born and raised in Manchester and has been a lifelong United fan.
Despite his longstanding affinity with the Red Devils, Ratcliffe had tried to buy Chelsea last year but missed the bidding deadline with his £4.25bn offer.
“We have formally put ourselves into the process,” read a short statement from Ratcliffe’s camp on Tuesday, reported by The Times.
At this stage, no other interested parties have publicly confirmed their position.
The Times report adds that potential bidders must register interest with the merchant bank appointed by the Glazer family to oversee the takeover process, allowing them access to confidential financial documents to assist with due diligence. Formal bids are expected in February and it remains a possibility that a sale could be completed by the end of the 2022/23 season.
Ratcliffe, whose firm also owns OGC Nice in France, confirmed via a spokesperson his interest in buying United in August. The club wasn’t for sale at that time, but things changed in November when the Glazer family released a statement declaring their intention to welcome offers for a full or partial takeovers. It has since been the belief that a full takeover is the preference.
After being linked with a Liverpool takeover, Ratcliffe appeared to rule himself out of buying another football, with INEOS suggesting the company’s priority was to develop Nice into a powerhouse of French football. But it was reported that United were the only club that would change his mind.
Since the sale announcement that followed, that has indeed been the case.
United have been owned by the Glazer family since 2005 when late patriarch Malcolm Glazer completed a highly controversial leveraged buyout that plunged the club into debt for the first time in more than 70 years. The parasitic ownership model also saw significant funds taken out of the club in the form of dividends, although under huge pressure no dividends were paid in December 2022 for the first time in six years.
On this edition of TPL, Scott Saunders & Rob Blanchette discuss the Manchester derby victory, the upcoming fixture versus Crystal Palace, Wout Weghorst’s comments & more! If you can’t see this embed, click here to listen to the podcast!
When did the Magpies last win a cup?
Newcastle are planning for success at the highest level following the 2021 takeover by a consortium of the Saudi Public Investment Fund, PCP Capital Partners, and David and Jamie Reuben.
On-pitch fortunes have turned around pretty drastically since Mike Ashley’s departure, with Eddie Howe coming in as manager and the likes of Bruno Guimaraes, Sven Botman and Alexander Isak all arriving for big transfer fees.
The squad’s aim in the near future will be to break the trophy duck the club has endured for many years now. They’re well set in the 2022/23 Carabao Cup, but when was the last time the Magpies brought silverware back to Tyne and Wear?
Newcastle have not won a domestic trophy since 1955. They did earn silverware in 2009/10 and 2016/17 for winning the Championship, while their European honours are the 1968/69 Inter-Cities Fairs Cup, the Anglo-Italian Cup in 1973 and the UEFA Intertoto Cup in 2006.
The Inter-Cities Fairs Cup is naturally seen as a predecessor to the UEFA Cup and now Europa League, though the tournament itself did not fall under UEFA jurisdiction. As such, it is not seen as prestigious in the modern age, though Newcastle fans of a certain vintage will almost certainly disagree.
In 1955, the Magpies defeated Manchester City to win their sixth FA Cup. Strikes from Jackie Milburn, Bobby Mitchell and George Hannah gave them victory despite Bobby Johnstone’s equaliser in the verge of half time.
Newcastle have been a consistent feature in the top league in England since the club was founded in 1892. Four league titles and six FA Cups help make the Magpies the ninth-most decorated team with trophies in England.
Newcastle have never won the League Cup, their closest run being a runners-up finish to Manchester City in 1975/76. They were beaten as strikes from Peter Barnes and Dennis Tueart made Alan Gowling’s equaliser redundant.
They have never won the Premier League in its current format, having come closest in 1995/96 and 1996/97 when they came second behind Manchester United on both occasions.
Newcastle came close to lifting the FA Cup on two occasions in the late 1990s, reaching the finals in 1998 and 1999. However, they came up against English giants Arsenal and Man Utd respectively and they couldn’t make the step up in either final.
Arsenal proved too strong in 1998 as strikes from Marc Overmars and Nicolas Anelka separated the two sides, while another 2-0 defeat came a year later when Teddy Sheringham and Paul Scholes downed Alan Shearer and co.
Man Utd close to signing Marcel Sabitzer on loan from Bayern Munich
Man Utd are close to signing Marcel Sabitzer from Bayern Munich on a loan deal until the end of the season, 90min has learned.
United have moved for Sabitzer on transfer deadline day following the news that Christian Eriksen will be out until late April or early May with an ankle injury sustained in the FA Cup win over Reading on Saturday.
The Dane’s injury leaves United light in the midfield department, with Donny van de Beek also out for the remainder of the season with an injury of his own.
Sabitzer, 28, boarded a flight to Manchester from Munich on Tuesday evening after an agreement of a straight loan deal was largely fleshed out between the two clubs, and the player has also agreed personal terms. 90min reported earlier in the day that Sabitzer was “very excited” about the potential move to Old Trafford.
The club were not planning to move for a new player prior to the deadline, though the severity of Eriksen’s injury has convinced Erik ten Hag to push for United to act, as they chase a place in the Premier League’s top four and attempt to win their first trophy since 2017. They are currently competing on four fronts.
United have until 11pm GMT to push through the transfer before the deadline, though could request a short extension from the Premier League to complete the deal if necessary.
On this deadline day edition of TPL, Scott Saunders & Rob Blanchette discuss Man Utd’s move for Marcel Sabitzer. If you can’t see this embed, click here to listen to the podcast, and subscribe on YouTube!
List of titles in Magpies history as they chase Carabao Cup 2023
Newcastle United fans are certainly enjoying their season so far as they fight it out for a place in the Champions League places, but things could get even better as they remain in the mix for a trophy.
The Magpies are in the semi-finals of the Carabao Cup and they have got a 1-0 lead over Southampton to take into the second leg. They are likely to be facing Manchester United should they reach the final, a team in direct competition with them for a top-four place.
When was the last time that Newcastle fans were able to cheer their team being the champions of something?
The most recent time that Newcastle fans were able to celebrate a trophy was in 2017, although it was one that they wish they weren’t contesting in the first place. They got back into the Premier League by winning the Championship in the 2016/17 season.
You’ll have to be chatting to some of the much older Newcastle fans to here stories about Newcastle winning the FA Cup, though. Their last silverware recognised as a major trophy was back in 1969 when the Magpies lifted the Inter-Cities Fairs Cup – which is these days known as the Europa League.
Whilst Newcastle fans may be set for a lot more success in the near future, it is a very long time since their fans travelled down to Wembley en masse for a cup final. That was back in 1999 when they were beaten 2-0 by Manchester United in the FA Cup final.
That is why heading down for a potential Carabao Cup final would be a first for so many of the current Newcastle fan base and they would certainly be travelling in great numbers.
For the League Cup itself, they have only been in that final one time before. That was in 1976 and it also ended in defeat, this time to Manchester City.
Newcastle have not exactly sailed through to the semi-final of the Carabao Cup. They needed a penalty shoot-out to knock out Crystal Palace before narrowly beating Bournemouth 1-0.
The quarter-final was more simple as they beat Leicester City 2-0, and a dramatic game in the semi-final first leg at St Mary’s ended 1-0. They are certainly the favourites to get through to the final with Southampton struggling for form.
The Saints have found a safe haven in the cup competitions but they will have their work cut out to turn it around at St James’ Park.
Considering Manchester United beat Nottingham Forest 3-0 away from home in their semi-final first leg, you’d think that they are the team waiting for either Newcastle or Southampton at Wembley.
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