Man United takeover latest: ‘Hope remains’ on announcement this week with new timeline set

There is “still hope” that an announcement of Sir Jim Ratcliffe’s 25% stake in Manchester United will be announced this week, according to reports.

Manchester United are set to have its sporting control taken over by INEOS in the coming weeks, but an official announcement is yet to come.

Erik ten Hag‘s club have struggled this season, with the club out of the Champions League and Carabao Cup while they sit seventh in the Premier League table.

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The “strategic review” that has taken place at Old Trafford regarding alternative forms of investment has dragged on for almost 13 months, with Sheikh Jassim and Sir Jim Ratcliffe battling it out.

The British billionaire came out on top after his 25% investment bid was accepted, but with no official announcement forthcoming, they are yet to take sporting control of the club as promised.

However, “hope remains” that the long-awaited official announcement will finally come this week ahead of Christmas.

This is according to Mike Keegan, who has been a reliable source for news regarding the takeover saga.

Keegan adds that the announcement will not be on Wednesday (today), and with “every passing hour” the odds of an announcement coming on Thursday (tomorrow) are slim, but there is potential for Friday.

If there is no announcement by Friday, there will be no choice but to leave the announcement until the New Year.