INEOS and Sir Jim Ratcliffe need to be patient.
Sir Jim Ratcliffe’s offer for 25% of Class A shares traded on the New York Stock Exchange has been extended until midnight on Friday night, according to The Independent.
The offer, which will eventually see Sir Jim Ratcliffe become the minority owner of the club, was originally due to expire at midnight on Tuesday.
INEOS are waiting on the Premier League to ratify their deal to become minority shareholders. It was announced on Christmas Eve that Ratcliffe had agreed to buy 25% in the club as well as a promise to invest £250m into the club’s infrastructure.
Ratcliffe will also buy Class B shares which are held by the Glazer family. The Class A shares were bought at the price of £26 per share.
The wait must go on.
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