Erik ten Hag’s aspirations for January transfers at Manchester United face dim prospects as Sir Jim Ratcliffe and INEOS are unlikely to assume control this year.
The Glazer family, along with various other stakeholders, may express disappointment over the prolonged and intricate takeover process, which the Glazers officially announced a year ago.
In November 2022, the Glazers initiated a strategic review to explore alternative investment options, including a minority partnership or a complete sale of the club.
By February of the following year, Sir Jim and Qatari royal Sheikh Jassim bin Hamad Al Thani emerged as the leading contenders.
However, Sheikh Jassim withdrew his £5 billion bid for full ownership in the previous month, refusing to meet the Glazers’ inflated valuation.
This development left Sir Jim as the reported preferred bidder, with a £1.4 billion deal for a 25% stake, inclusive of comprehensive sporting control, seemingly on the verge of completion.
While an official announcement confirming the agreement was widely anticipated this week, it appears that United supporters might need to exercise patience for a little while longer.
According to the Telegraph, Sir Jim had initially aimed to finalize the deal by now after successfully fending off competition from Sheikh Jassim.
However, there are no assurances that an agreement will be reached before the commencement of Thanksgiving on Thursday in the United States.
Insiders close to the process have hinted that an official announcement might face a delay until at least next week.
Sky News had earlier reported the Glazers’ desire for a completed deal before the start of Thanksgiving festivities in their homeland.
This potential delay could leave Erik ten Hag disappointed, as it would significantly diminish the likelihood of Sir Jim and INEOS exerting influence in the January transfer window.
The Telegraph further notes that the Premier League will require six to eight weeks to ratify the £1.4 billion transaction before the 71-year-old Sir Jim can commence his tenure at Old Trafford.