Glazers are paying out enormous fees for the Manchester United takeover while Sir Jim Ratcliffe waits

The protracted saga, in which the Glazers continue to withhold the announcement of Sir Jim Ratcliffe’s presence at Manchester United, is imposing an enormous legal expense of £1 million per month.

As part of their effort to sell Sir Jim Ratcliffe a stake in Manchester United, the Glazers spend £250,000 per week on legal and consulting fees.

The majority of the high-profile players at Old Trafford are paid less than the weekly bill, and the protracted procedure is beginning to bite the Americans in the purse. Whether United is sold as a majority or minority stake, the discussion has lingered for more than a year, but a resolution is imminent.

Ratcliffe is in a position to acquire an initial 25% stake for £1.3 billion, but the Glazers are spending £1 million per month on the process. United reportedly spent £7 million on legal and associated expenses during the first seven months of the sale, which occurred between November 2022 and June of this year, according to club records cited by the Daily Mail.

Twelve months ago, the United States-based financial advisors Raine Group were enlisted by United’s leadership to negotiate any agreement. Since then, sales advisors have been awarded a greater number of first-team honors, due in part to the Glazers’ ongoing evaluation of their options.

Anticipated has been confirmation that Ratcliffe will be joining the Old Trafford cast, and preparations are already underway for his arrival. The British entrepreneur is expected to be accompanied by his personal entourage, which will include former British cycling supremo Sir Dave Brailsford.

Manchester is undergoing change, as Richard Arnold’s departure has been officially declared. The director of football position has been associated with a number of individuals, including former Liverpool manager Michael Edwards and recruitment expert Paul Mitchell, a former employee of Tottenham and Monaco.

Ratcliffe, who is tipped to take over the club’s football operations, is said to have sought Sir Alex Ferguson’s counsel as he endeavors to spearhead a cultural revolution that will entail significant transformations both on and off the field.

The deterioration of United following the Scot’s retirement in 2013 is well documented. On occasion, the club has hinted at getting their act together, but in general, they have been unimpressive, winning silverware infrequently. After an encouraging debut season, Erik ten Hag is now starting to face inquiries.

A number of players, including notable names earning substantial salaries, may also be transferred as early as January, as Ratcliffe is interested in acquiring new talent and may need to sell players to raise the necessary funds to acquire them.