Jim Ratcliffe is rearranging his offer in order to acquire Manchester United.

According to Bloomberg News, British businessman Jim Ratcliffe is allegedly revising his offer to buy Manchester United in an effort to break the current acquisition standoff.

In order to resolve the issues brought up by minority investors in the English Premier League football team over the conditions of his offer, Ratcliffe is working with his advisors.

Initial plans by Ratcliffe included buying 69% of Manchester United stock currently held by the American Glazer family.

Ratcliffe, a lifetime supporter of Manchester United, stated, "We have a good offer," at a media event in July. We still really want to execute it, and I think we could pull it off well.

The club's surviving stockholders, including financiers like Lindsell Train, Ariel Investments LLC, and Eminence Capital, saw little advantage from this arrangement.

One of Manchester United's top three shareholders reportedly warned the club's board in a letter that independent directors would be subject to legal action if they suggested a proposal that favoured one group of shareholders over another. This was previously reported by Bloomberg.

For the right to purchase Manchester United, Ratcliffe is up against a consortium of Qatari businessmen headed by Sheikh Jassim bin Hamad al-Thani. This prospective acquisition has the potential to grow into one of the biggest deals ever made involving a sports franchise.

It's important to remember that the Glazer family said about a year ago that they would conduct a strategic assessment of their club ownership.

(Sources: investing.com, bloomberg.com)