TA: Ratcliffe once wanted to buy 51 percent of Manchester United’s shares, which was rejected by non-Glazer family directors.

Live broadcast on October 16 The Athletic reported that Ratcliffe had previously proposed to acquire 51% of Manchester United’s shares, but was rejected by The director of The non-Glazer family.

It is reported that Ratcliffe proposed to buy Class B stocks, that is, only shares held by the Glazer family. The voting rights of Class B stocks are 10 times that of Class A stocks traded on the New York Stock Exchange. This raises the threat of legal litigation for investors, who think such A proposal is unfair because it deprives the holders of Class A shares of any prospect of financial appreciation.

TA said that six Glazer family members in Manchester United’s board of directors rejected Ratcliffe’s bid, which made the relationship between the two sides, including Richard Arnold, very tense. People think that Ratcliffe’s purchase of both Class A and Class B stocks will solve this problem.

(Goblin killer)

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