Ratcliffe agreed to buy a 25 percent stake in Manchester United. The competition to buy Manchester United has been going on for a long time between Sheikh Jassim bin Hamad Al Thani, the son of the former prime minister of Qatar, and Sir Jim Ratcliffe, the richest man in Britain. In the end, Ratcliffe agreed to buy 25 percent of the shares, Sheikh Jasim withdrew from the competition.
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The Glazer family decided to sell Manchester United long ago. Following that, Sheikh Jasim offered 500 million pounds to the owner, which is about 66 thousand 708 million 45 million in Bangladeshi taka. He also promised to settle all the debts of United. But in the end he canceled the offer to buy the club.
Ratcliffe agreed to buy 25 percent of the shares as Sheikh Jasim rejected the offer. That means the Glazer family also owns United. Both sides will run the club together. The loan will also be paid by both parties.
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According to the latest published data, United’s debt is more than 7000 crore rupees. Basically, the top clubs in Europe have not recovered after the corona epidemic. There is also the effect of the Russia-Ukraine war.
The income of Premier League heavyweights has decreased in various sectors. Broadcast revenue declined, along with declines in retail, merchandising, apparel and product licensing. Supporters were also extremely angry at the actions of the current owners, the Glazer family. They also protested in front of the club several times.