Manchester United Takeover: Manchester United SALE: Manchester United are expecting takeover offers from across the world as they are preparing to seek bids ahead of ‘mid-February deadline’. Billionaire Jim Radcliff has joined the Pursuit to buy the Red Devils. The club has reportedly received serious interest from consortiums located in the Middle East, Asia, and the United States. According to insider, Dubai is now displaying the most interest in United and is in the driver’s seat. Follow Premier League LIVE Updates on InsideSport.IN
Manchester United Takeover: Investment Corporation of Dubai leads way for Manchester United takeover, Jim Radcliff joins pursuit amid offers from Asian, USA – Check Out
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Manchester United Takeover: Investment Corporation of Dubai leads way for Manchester United takeover, Jim Radcliff joins pursuit amid offers from Asian, USA – Check Out
Potential investors are anticipated to go public with their ambitions to buy United in the coming weeks, with the clock ‘now ticking on a transaction’. Senior United officials plan to set a mid-February deadline for formal offers in order to complete the takeover before the end of the season. United are expected to notify interested parties in the coming days, and bids will be accepted for both total buyouts of the club and minority holdings that would keep the Glazers on board.
🤝 @ManUtd have received serious takeover interest from the Middle East, Asia and America and are poised to invite formal bids by mid-February.
Parties who expressed an interest to buy @ChelseaFC are known to have returned with approaches for the club such as Jim Ratcliffe 🤝
— Football Finance (@FootieFinance) January 15, 2023
Sir Jim Ratcliffe, a British millionaire, is also likely to make a formal bid for his boyhood club. Ratcliffe is expected to put up a number contingent on the club qualifying for the Champions League next season. Ratcliffe, on the other hand, is claimed to be wary about overpaying and to have walked away from talks with Chelsea because he ‘thought the club was too greedy’. The British millionaire has been a fan of Manchester United since he was a child, and he attended the 1999 Champions League final. Taking up the Old Trafford club would not need Ineos to sell the French team Nice.
Manchester United Takeover: Investment Corporation of Dubai leads way for Manchester United takeover, Jim Radcliff joins pursuit amid offers from Asian, USA – Check Out
When the Glazers first purchased the club, they took out a loan to do so, and that debt is now in the name of the Football Club. This means that anyone interested in purchasing the club will have to either acquire the club on its balance sheet or pay out the obligations upon acquiring the club. United has spent more than £1.1 billion servicing the Glazers’ leveraged takeover in 2005, while the Americans have collected approximately £465 million in share sales and the club’s gross debt remains staggeringly high at £680 million.
Ineos has entered the bidding process to buy Manchester United. “We have formally put ourselves into the process of bidding”, spokesman has told Times Sport’s @DickinsonTimes 🔴 #MUFC
Sir Jim Ratcliffe is the first one to go public — with other groups now also interested. pic.twitter.com/MD6q2zZefx
— Fabrizio Romano (@FabrizioRomano) January 17, 2023
Whoever the new owner is will also have to decide what to do with Old Trafford, after the club was presented with a number of stadium extension alternatives, including the demolition of the stadium and the construction of a new home. However, the position is now effectively frozen, with any future expansion likely to be controlled by new owners.
Manchester United Takeover: Investment Corporation of Dubai leads way for Manchester United takeover, Jim Radcliff joins pursuit amid offers from Asian, USA – Check Out
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