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Sir Jim Ratcliffe’s bid to buy 25% of Manchester United is a few weeks from potentially being concluded, with a meeting of the 12-member board on Thursday not due to rule on anything definitive regarding his £1.3bn offer.
Although there may be a vote on some element relating to Ratcliffe’s proposal, it is understood an announcement is not imminent. Those in attendance are expected to be the six Glazer siblings, who have a combined 69% stake, plus Cliff Baty, the chief financial officer, Patrick Stewart, the chief legal officer and general counsel, and three independent directors, Robert Leitão, Manu Sawhney and John Hooks.
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