da fezbet： Manchester United will have to pay Sir Jim Ratcliffe a large sum of money should they terminate the deal that will see him buy a stake in the club.

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Glazers must pay big fee if deal collapsesRatcliffe entitled to $66m if terminatedAgreement to be ratified by Premier LeagueWHAT HAPPENED?

The British billionaire and his INEOS group would have to be paid $66 million (£52m) by United and the Glazer family if the agreement were to fall apart, reports. The figure is made up of an initial €48m (£38m) that Ratcliffe would be entitled to, plus a further $18m (£14m) to cover his expenses.

AdvertisementGettyTHE BIGGER PICTURE

United announced on Christmas Eve that Ratcliffe and the Glazers have reached an agreement worth £1.25 billion ($1.59bn) that will see him take on a 25 percent stake, which will rise to 29% as his $300m (£235m) investment into the infrastructure of United will be converted into more shares.

DID YOU KNOW?

The British billionaire will also have the first option to buy more shares from the American owners if they decide to sell them in the future. However, if they agree a full sale of the club, Ratcliffe will have to sell his shares for the same price he paid for them.

Getty ImagesWHAT NEXT FOR UNITED?

The process to ratify the deal could take up to eight weeks, meaning it may not be finalised until after January. Nevertheless, United must consult INEOS regarding any possible transfer business they want to conduct during the transfer window.