Owners' and Directors' test explained amid Sir Jim Ratcliffe's Man United bid

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Owners' and Directors' test explained amid Sir Jim Ratcliffe's Man United bid
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Man United takeover bidder Sir Jim Ratcliffe appears set to purchase a 25 per cent stake in the club following Sheikh Jassim bin Hamad Al Thani's decision to withdraw his offer

The Glazers announced in November last year that they would be seeking 'strategic alternatives', raising hopes among fans that the unpopular owners could be set to leave the Old Trafford outfit. A full buyout still appears a way off, however, following Qatari banker Sheikh Jassim bin Hamad Al Thani's decision to withdraw his offer over the weekend.

This test is reviewed on a seasonal basis to avoid owners or directors from abusing the clubs which they own.

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