Ratcliffe's contract with the Glazer family has a very interesting clause

Football news 30 dec 2023, 14:02
Oliver White Oliver White Dailysports's expert
Ratcliffe's contract with the Glazer family has a very interesting clause Ratcliffe's contract with the Glazer family has a very interesting clause

Recently, Manchester United announced the sale of a portion of their shares to Jim Ratcliffe's company, Ineos, for £1.25 billion. It has emerged that, alongside other aspects, the agreement includes a particularly intriguing clause.

According to The Telegraph, the deal involves a mutual agreement between Ratcliffe and the Glazer family, who own the club, prohibiting public insults and humiliation directed at each other. This clause prevents both parties from directly or indirectly making negative remarks or statements that might demean one another.

The club owners and new investors are aiming to improve their relationship and prevent any leakage of information regarding potential future disagreements. The terms of this agreement are legally documented.

Previously, there were reports about Ratcliffe planning substantial staff cuts at Manchester United.

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