Jim Ratcliffe is restructuring his offer to buy Manchester United Plc, people with knowledge of the matter said, in an attempt to break the deadlock in the long-running takeover saga.
The British billionaire is working with his advisers to address concerns about the terms of his bid from minority investors in the English Premier League football club, according to the people, who asked not to be identified discussing confidential information.
Ratcliffe put forward a proposal earlier this year to acquire 69% of shares in Manchester United owned by the US Glazer family. That left little benefit for holders of the club’s remaining stock, including Lindsell Train, Ariel Investments LLC and Eminence Capital.
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