Manchester United takeover latest as Sir Jim Ratcliffe 'makes Richard Arnold CEO decision'
Manchester United supporters are still playing the waiting game when it comes to a proposed takeover.
INEOS founder Sir Jim Ratcliffe remains the sole front-runner to step into the boardroom after Qatari banker Sheikh Jassim withdrew from the bidding process this month. Sir Jim, 71, is now expected to purchase a 25 per cent stake in the Premier League giants - understood to be worth around £1.4billion to the Glazer family.
It has been 11 months since the much-maligned Americans announced a strategic review to their ownership. Here are the latest news, views and rumours from Old Trafford and beyond regarding new investment.
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Reports from The Athletic indicate Richard Arnold will depart his role as CEO at United in the event Sir Jim has his revised offer to step into the boardroom at Old Trafford accepted. INEOS founder Sir Jim is now hoping to snap-up a 25 per cent share in the club after Sheikh Jassim backed away from the bidding.
Arnold replaced Ed Woodward in the position in February last year. However, while the CEO is tipped to leave his current post, there is scope for the 52-year-old to remain at Old Trafford in some capacity.
Sir Jim is claimed to have a replacement in mind. Jean Claude-Blanc is the name currently doing the rounds as that would-be successor to Arnold in a top job behind-the-scenes.
Sheikh Jassim is not currently thinking about registering an interest in Tottenham - according to reports.
As reported, the Qatari banker is no longer in contention to become the new owner at United after retracting his offer to purchase shares from the Glazer family. Sheikh Jassim is thought to have become
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