Since 2005, Manchester United has been under the ownership of the Glazer family, a situation that has been met with disapproval from numerous fans of the club.
This controversial acquisition led to the establishment of a protest club, FC United of Manchester, as well as the Love United Hate Glazer movement. Over the years, particularly following the retirement of legendary manager Alex Ferguson, supporter dissatisfaction has intensified.
While the team still possesses the potential to secure trophies, as evidenced by their upcoming Europa League final against Tottenham Hotspur in Bilbao, they have fallen out of serious contention for the Premier League title, and the state of Old Trafford has also declined.
In late 2023, Jim Ratcliffe and Ineos entered the scene, but a series of disastrous decisions behind the scenes has contributed to a disappointing Premier League season, suggesting that the challenges ahead may be equally formidable.
As reported by The Athletic, the Glazers are nearing the point where they can exercise their ‘drag-along’ rights, which could significantly impact the ownership prospects of Ratcliffe and Sheikh Jassim.
The Manchester Evening News explains: “The Americans will soon obtain the power to activate their drag-along rights, meaning the majority shareholders could force minority shareholders, such as Sir Jim Ratcliffe, to sell their shares when the majority sells their stake to a third party.
“This development could force Sheikh Jassim back to the negotiating table, with the Glazers potentially able to offer him the chance to push Sir Jim Ratcliffe to offload his shares unless he can match any incoming offers.”
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