According to reports, a UAE consortium have had a \u2018formal takeover approach rejected\u2019 by Manchester United in the \u2018last 24 hours\u2019.<\/p>\n
There has been significant upheaval at Man Utd <\/a>over the past couple of years as INEOS chief Sir Jim Ratcliffe has taken control of football operations at Old Trafford.<\/p>\n At the start of 2024, Ratcliffe <\/a>fended off competition from Qatari businessman Sheikh Jassim to purchase a 27.7% minority stake in the Premier League giants for around \u00a31.25bn.<\/p>\n Ratcliffe sanctioned this deal with a view to a full takeover in the future and has since invested more cash to raise his share to around 29%.<\/p>\n The Glazer family still owns most of Man Utd, but they have moved to the background as Ratcliffe and his team have taken over the day-to-day running of the club.<\/p>\n This has suited the Glazer family, as Ratcliffe has taken the heat for his controversial decisions over the past couple of years. His popularity has quickly waned as he\u2019s sanctioned a brutal cost-cutting programme, making staff redundant, reducing payments to club legends and hiking ticket prices.<\/p>\n READ:\u00a0Amorim will sacrifice three academy kids \u2018on the cheap\u2019 to Newcastle after Ratcliffe pop<\/a><\/p>\n Ratcliffe has also hatched a plan to build a new stadium for Man Utd, but it has recently been claimed that he could be forced out of the club.<\/p>\n This is because the Glazer family hold the option to sell to a higher bidder, and there has been interest from a UAE consortium.<\/p>\n This week, it has been claimed that this group have \u2018approached\u2019 Man Utd legends over joining their attempts to buy the club, while the terms of a potential deal have also reportedly been set.<\/a><\/p>\n Now, a respected account on X with a \u2018team of five elite reporters\u2019 has provided a new update.<\/p>\n They tweeted:<\/a> \u2018According to our sources: A consortium based in the United Arab Emirates \ud83c\udde6\ud83c\uddea initial talks has been rejected by @ManUtd.<\/p>\n \u2018Formal approach made in the last 24 hours. They believe talks can be restarted. David Beckham could be very key to get talks started. UAE are serious.\u2019<\/p>\n MORE MAN UTD COVERAGE ON F365\u2026
\ud83d\udc49\u00a0Man Utd \u2018shock\u2019 candidate to replace Amorim \u2018meets\u2019 Ratcliffe as two factors fuel his confidence<\/a>
\ud83d\udc49\u00a0Mbeumo probably furious after \u2018secret\u2019 \u2013 and also completely pointless \u2013 Manchester United mission leaked<\/a>
\ud83d\udc49\u00a0Rashford backlash from Keane, Neville and Rooney based on *their* Manchester United, not his<\/a><\/p>\n