Manchester United SALE: Manchester United Takeover – Manchester United fans are hoping to get rid of the Glazers family from their club as soon as possible, but all could just be in vain as the Glazer brothers are still scheming to keep some control of the club. As the Glazers have put forth a huge selling amount, no bidders have been able to meet the requirement yet. Hence, the Glazers have started thinking of making money out of the club’s marketing endeavors and not from the pitch. Follow Premier League LIVE Updates on InsideSport.IN
Manchester United SALE: Glazer Family plan SHOCKING U-TURN, could call off take over bids despite Qatar interest -Check why?
The Raines Group has been handling the bidding process and by now they have only received the highest bid of £4.5 billion including the ones from the British billionaire, Jim Ratcliffe and Qatari banker and royal family member, Sheikh Jassim bin Hamad Al Thani. There have been rumors that Joel and Avram Glazers wish to take money from investors, buy out the other four brothers, and keep control of the club to themselves. however, sources close to them have said, “The family will act as one. It will either be a full sale or an alternative.”
It is possible that Jim Ratcliffe, the CEO of the Ineos group will buy out the Glazer brother’s 69% share and the rest of the club stock will be left as is. Another option that could become a preferable choice for the Glazers is using external cash funds. There are some hedge funds that have shown interest to team up and form a new company to lead the commercial part of the company including merchandise. One such company is the US-based Ares Management fund which has an asset of £246 billion.
Manchester United SALE: Glazer Family plan SHOCKING U-TURN, could call off take over bids despite Qatar interest -Check why?
🚨💰| Takeover News:
Manchester United’s football department will play a key role in the potential sale of the club over the coming days.
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The Glazers could form an alliance with the Ares Management fund with the intention of controlling and earning money from merchandise sales, digital sales, gaming licensing, and more. However, the main intention of the Glazers still remains to be a full sale of the club. Even then, at this stage of the sale, it’s becoming conspicuous that the sale still could go in any possible way given the tight deadline. Both the main bidders want to complete the sale by May 31, so that they can approach the summer transfer window with a proper plan.
This could become a problem because according to reports, the Raine group intends to open the financial book of the club to bidders in rotation, not simultaneously. The bidders will also only be able to give a proper valuation of the club once their specialists have gone through tax, property and legal due diligence, players’ contract information, and more. With a tight deadline feeling like a noose around the neck, it could just be possible that the sale of the club is called off.
