{"id":293255,"date":"2023-10-28T23:25:12","date_gmt":"2023-10-28T23:25:12","guid":{"rendered":"https:\/\/sportstoft.com\/?p=293255"},"modified":"2023-10-28T23:25:12","modified_gmt":"2023-10-28T23:25:12","slug":"in-the-money-fury-as-the-glazers-avoid-big-tax-bill","status":"publish","type":"post","link":"https:\/\/sportstoft.com\/soccer\/in-the-money-fury-as-the-glazers-avoid-big-tax-bill\/","title":{"rendered":"IN THE MONEY:\u00a0 Fury as the Glazers avoid big tax bill"},"content":{"rendered":"<h1>IN THE MONEY:\u00a0 Fury as Glazers avoid big tax bill after selling 25 per cent of the club to Sir Jim Ratcliffe&#8230; while Everton&#8217;s potential new owners will use loans to fund their takeover, but won&#8217;t take them out against the club<\/h1>\n<ul>\n<li><strong>The Glazers agreed a deal to sell 25 per cent of Man United to Sir Jim Ratcliffe<\/strong><\/li>\n<li><strong>Ratcliffe&#8217;s INEOS Group have agreed to pay \u00a31.3bn for a quarter of the club<\/strong><\/li>\n<li><strong>Follow Mail Sport&#8217;s new Man United WhatsApp channel for all the breaking news\u00a0<\/strong><\/li>\n<\/ul>\n<p>Manchester United fans have hit out as it emerges the Glazer family are set to avoid a \u00a3100million tax bill from the sale of a stake to Sir Jim Ratcliffe.\u00a0<\/p>\n<p>The owners are expected to avoid the bill after listing the club in the Cayman Islands, where there is no capital gains tax.\u00a0<\/p>\n<p>Ratcliffe\u2019s INEOS Group are in talks with the Glazer family to seal a \u00a31.3bn deal for 25 per cent of the club.<\/p>\n<p>The deal would hand the Glazers a profit of \u00a3510m, after they acquired the club for \u00a3790m in 2005.\u00a0<\/p>\n<p>A source linked to fan group The 1958 said: \u2018Making money is all they care about. This is yet another kick in the teeth for United fans. At a time when they are set to make an enormous profit on the back of the club, they also intend to avoid millions in tax.\u2019<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/29\/00\/77127829-0-image-a-67_1698534278227.jpg\" height=\"438\" width=\"634\"><\/p>\n<p>Manchester United fans have hit out as it emerges the Glazer family are set to avoid a \u00a3100m tax bill from the sale of a stake to Sir Jim Ratcliffe (pictured &#8211; Joel and Avram Glazer)<\/p>\n<h2>Everton&#8217;s new owners will use loans to fund takeover, but not against the club\u00a0<\/h2>\n<p>Everton\u2019s potential new owners 777 intend to use loans to fund their takeover \u2014 but insist these will not be put on the club and saddle it with more debt.<\/p>\n<p>Sources believe the US investment firm have been in discussions with several lenders, including A-Cap, to help fund the \u00a3500million deal.<\/p>\n<p>Sources close to 777 insist they will not raise money against Everton\u2019s assets \u2014 including the new Bramley-Moore Dock stadium and future revenues \u2014 and instead look to take out loans raised against its non-football businesses.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/29\/00\/77127833-0-image-a-68_1698534306987.jpg\" height=\"442\" width=\"634\"><\/p>\n<p>Everton\u2019s potential new owners 777 (pictured &#8211; 777 Managing Director Josh Wander &#8211; blue tie, cap) intend to use loans to fund their takeover but won&#8217;t take them out against the club<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/i\/pix\/2017\/08\/02\/636x90_facebook_ad_sport.png\" width=\"636\" height=\"90\"><br \/>\nSource: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12684299\/Glazers-Sir-Jim-Ratcliffe-Everton.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>IN THE MONEY:\u00a0 Fury as Glazers avoid big tax bill after selling 25 per cent of the club to Sir Jim Ratcliffe&#8230; while Everton&#8217;s potential <a class=\"mh-excerpt-more\" href=\"https:\/\/sportstoft.com\/soccer\/in-the-money-fury-as-the-glazers-avoid-big-tax-bill\/\" title=\"IN THE MONEY:\u00a0 Fury as the Glazers avoid big tax bill\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":293254,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IN THE MONEY:\u00a0 Fury as the Glazers avoid big tax bill - Sportstoft<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sportstoft.com\/soccer\/in-the-money-fury-as-the-glazers-avoid-big-tax-bill\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IN THE MONEY:\u00a0 Fury as the Glazers avoid big tax bill - Sportstoft\" \/>\n<meta property=\"og:description\" content=\"IN THE MONEY:\u00a0 Fury as Glazers avoid big tax bill after selling 25 per cent of the club to Sir Jim Ratcliffe&#8230; 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