Manchester United Takeover: Manchester City SALE – Despite winning the Carabao Cup on Sunday the future of Premier League giants Manchester United is still unclear. Glazer family had put out the club for sale last year however in the latest update the American owners are being HESITANT about the sale. The hesitancy has certainly cost Manchester United big time with the club’s share prices plummeting by 10 percent. Follow Premier League LIVE Updates on InsideSport.IN
Manchester United Takeover: Manchester United share price PLUMMET with Glazers reportedly HESITANT about selling club – Check details
According to the latest reports, The Glazer family is yet to receive the £6 billion offer they want. The report further states that Qatar’s Sheikh Jassim wants to buy the club either in its entirety now, or not at all. The initial bids by the Sheikh and Jim Ratcliff were rejected by the Glazers. Bidders are currently waiting to hear back from The Raine Group, the bank overseeing the possible sale.
🏆 May 22, 1999: United’s no.10 and no.18 score in a cup final against Newcastle at Wembley.
🏆 February 26, 2023: United’s no.10 and no.18…#MUFC || #CarabaoCup pic.twitter.com/HSIV4hBJ9w
— Manchester United (@ManUtd) February 28, 2023
Manchester United Takeover: Manchester United share price PLUMMET with Glazers reportedly HESITANT about selling club – Check details
Manchester United share price takes a hit
As per the report by the Financial Times Red Devils are only worth around £1.3 billion. The report states that the club is not worth the £5 billion that the Glazers are looking for. The bidders for Manchester United have reportedly so far not offered enough money to tempt the Glazers to sell.
“If the Glazers were to sell then the two bidders that we know about, Sheikh Jassim from Qatar and Sir Jim Ratcliffe and his INEOS company would have to increase their bids. This has all led to a sense that the Glazers will not sell Manchester United.”
Sky Sports journalist Kaveh Solhekol said “If the Glazers were to sell then the two bidders that we know about, Sheikh Jassim from Qatar and Sir Jim Ratcliffe and his INEOS company, would have to increase their bids. This has all led to a sense that the Glazers will not sell Manchester United.”
Solhekol further added, “What’s happened is that the traders, the people who own shares, the value of them shares has gone down today because there is a feeling that the Glazers might not sell. And if they are not going to sell, Man United is not worth £6bn, £7bn and it could be worth closer to what the Financial Times is saying, which is £1.3bn. That is why the share price has gone down today” .
According to another report, the Raine Group who are handling the bidding process are expected to reach out to bidders of United in the coming days. The move comes exactly two weeks after the deadline passed for interested parties to submit their offers.
Manchester United Takeover: Manchester United share price PLUMMET with Glazers reportedly HESITANT about selling club – Check details
Glazers split over the club sale
Following the underwhelming offers for Manchester United taker over co-chairman Joel Glazer is reluctant about United sale, in contrast to siblings Kevin, Edward, Bryan and Darcie. As per Sky Sports report the Glazers feel that United’s stature, pull around the globe especially in emerging markets and potential for future growth revenue has been underestimated. The club issues a statement on the matter saying that “there can be no assurance that the review being undertaken will result in any transaction involving the company”.
