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According to Business journalist David Hellier, Sir Jim Ratcliffe is being threatened with legal action as he looks to buy United.
“The minority holders are slightly aggressive funds, mainly in the US there are some in the UK,” he told Unitedviewtv.
“I was told they’ve made it clear to the Manchester United board, via a letter that was sent, that said ‘if you recommend this offer which prejudices us, gives us no offer at all, we end up with discounted shares while the Glazers get everything. We will sue’.
“I was then being told by the Man United side that they have three independent directors.
“And those directors would never, ever sanction or recommend that bid under these circumstances with this threat.”
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