Manchester United Takeover: Premier League Live: After a dead few weeks, the Manchester United takeover has finally got some new updates as the Glazer family accepts a third round of bids from prospective buyers at the end of the month. There were reports that bidders were frustrated over a lack of updates more than two weeks on from the second bids. Follow Premier League Live Updates with InsideSport.IN.
According to sports industry news site Sportico, the Red Devils will accept a third round of bids from prospective buyers at the end of the month as the Premier League club’s owners explore a sale.
Manchester United and Raine Group, the investment bank running the bidding process, did not immediately respond to a Reuters request for comment.
🚨💰| There will be a third round of bidding in the Manchester United sale process. Groups have until the end of April to make the next offers. Can confirm Sheikh Jassim and Sir Jim Ratcliffe are both through.
— UtdActive (@UtdActive) April 11, 2023
United’s American owners, the Glazer family, launched a formal sale process late last year, with several bids received in February and March.
British billionaire Jim Ratcliffe, founder of chemicals producer INEOS, Sheikh Jassim Bin Hamad Al Thani, the son of Qatar’s former prime minister, and Finnish businessman Thomas Zilliacus are among the bidders for the club.
Any sale would likely exceed the biggest sports deal so far, the $5.2 billion including debt and investments paid for Chelsea.
United are the fourth-richest soccer club in the world, according to Deloitte. They are widely seen as one of the most prized assets in all of sport.
Follow InsideSport on GOOGLE NEWS/ Follow Premier League Live Updates with InsideSport.IN.
*Inputs from Reuters
