Manchester United Takeover: Manchester United SALE – Manchester United’s takeover saga is nowhere near stopping. The latest twist came on Wednesday after the Qataris investors withdrew their 2nd bid and Sir Jim Ratcliffe also delayed submitting the bid. This is because the deal organizers and US financiers Raine Group later extended the deadline for submitting the second bid by 48 hours. Follow Premier League LIVE Updates on InsideSport.IN
Sheikh Jassim Bin Hamad AI Thani’s group submitted a bid for reported around £5 billion which he withdrew later. As the deadline has increased for submitting the bid, the Qataris group will take their time and will submit a revised bid. On the other hand, Sir Jim Ratcliffe’s INEOS also delayed the submission of the bid.
With the increase in the deadline, there are potential 8 new buyers in the race now. However, Sheikh Jassim Bin Hamad AI Thani’s group and Sir Jim Ratcliffe’s INEOS remain the front runner.
Recently, Thomas Zilliacus, a Finnish entrepreneur founder and chairman of novaM Group, also presented a takeover offer for Manchester United through XXI Century Capital, an investment company. Zilliacus’ offer is something very different from others and he wants the fans of Manchester United to have ownership and an equal say in all issues that relate to the football decisions at the club.
He said, “My group will finance half of the sum needed to take over #MUFC and will ask the fans, through a new company created for this purpose, to contribute the other half. If each fan joins, that’s less than $3 per fan.”
Sheikh Jassim Bin Hamad AI Thani’s offer is to have 100% stake in Manchester United, where Sir Jim Ratcliffe is willing to buy the shares owned by the Glazers family and remain in the majority. Ratcliffe’s INEOS group owns French club Nice, Swiss outfit Lausanne, and a Formula One team Mercedes.
Sheikh Jassim and Sir Jim Ratcliffe’s bids for #mufc are now expected to arrive on Thursday. As many as five bids from anonymous parties did meet the deadline, however [@MirrorFootball]
— utdreport (@utdreport) March 22, 2023
Moreover, there are some other investors who have offered to buy a minority stake in the club and keep Glazers as the main owners.
Now, it totally depends on the Glazers family, who they want to hand the club to next and what’s the best deal for them. According to reports, the Glazers are eyeing a £6bn valuation for the club. The final bids will be submitted during Easter and the new owners will be decided after that.
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