Explained: How Sir Jim Ratcliffe's protracted takeover cost Man Utd $31.5m and needed 56 lawyers to complete deal

The Glazers brought on board the Raine Group to conduct the bidding process and act as the club's financial advisor while the takeover procedure was in full swing. Throughout the process, they played an active role and assisted Ratcliffe in acquiring a 25 per cent stake in the club, amounting to £1.3 billion ($1.64 billion). According to The Athletic,they had charged a substantial sum of $31.5 million (£24.9 million) for their services and the employment of 56 lawyers which was borne by the club instead of the Glazers.

The choice of Raine Group was based on its international recognition as an investment banking firm with significant experience in transactions and familiarity with United's operations and markets. Apart from the $31.5m, United agreed to cover various expenses for Raine, including fees, disbursements, and indemnifications against certain liabilities under federal securities laws.

However, the personal advice received by the Glazers from Rothschild & Co. will be covered by the Americans, although the specific amount has not been disclosed in the United States Securities and Exchange Commission (SEC) filing. Moreover, Patrick Stewart (interim chief executive) and Cliff Baty (chief financial officer) are slated to receive completion bonuses equal to two times their annual salary once the deal is sealed and ratified by Premier League authorities.

Ratcliffe's partial takeover is under review by the Premier League and is not expected to be completed until February. However, the INEOS group is believed to have taken over charge of sporting matters at Old Trafford and the club need to consult them over any potential transfers and the future of manager Erik ten Hag.