Manchester United TAKEOVER: On Wednesday, Sheikh Jassim is expected to launch a second attempt to acquire Manchester United. Recently, the Qatari group visited Old Trafford for discussions, while British billionaire Sir Jim Ratcliffe held meetings but expressed reluctance to pay an exorbitant amount for the club. Other potential bidders are anticipated to visit in the upcoming week.
As the deadline for the second offer approaches on Wednesday evening, it is expected that at least five and potentially up to eight bids will be submitted for Manchester United. The Glazer family has expressed a willingness to sell the club, but only for the right price, which is rumored to be £6bn.
🎥 𝐕𝐈𝐃𝐄𝐎: Sir Jim Ratcliffe arriving at Old Trafford with Ineos delegation to be met by Manchester United chief exec Richard Arnold for talks over potential takeover. 🏴👀👹pic.twitter.com/9QnmIarEOb
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Manchester United Takeover: Time till Wednesday?
In the event that their asking price is not met, they will consider raising capital to improve the club and reduce debt. With no clear front-runner based on initial bids, it remains to be seen whether a favorite will emerge after Wednesday’s deadline.
One possibility that cannot be overlooked is that the Glazers may retain ownership of Manchester United by entering into a minority deal, particularly given the team’s recent performance improvements and a newly implemented strategy.
It is important to note that selling the club would not be an easy decision for them, as opportunities to purchase such a prominent team are few and far between and may not present themselves for at least two decades.
Sheikh Jassim Bin Hamad Al Thani’s delegation and Sir Jim Ratcliffe’s recent visits to the club made headlines, but there have been several other interested parties who have visited Manchester United over the past two weeks. Moreover, it is expected that additional bidders will visit the club next week as well.
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