Manchester United SALE: As the Manchester United takeover saga deepens, the fresh news on the horizon is that bidders will be visiting Old Trafford to attend presentations. The two trivial bids have been from the 70-year-old British billionaire, Sir Jim Ratcliffe and Qatar’s former Prime Minister, Sheikh Jassim bin Hamad Al Thani. Teams that will attend the presentation at Old Trafford over the next two weeks will be including their teams as well. Follow Football News Updates on InsideSport.IN.
Manchester United SALE: Sir Jim Ratcliffe, Sheikh Jassim, major investors set to visit Old Trafford, staff to make presentations as Man United takeover nears – Check out
Senior club staff from Old Trafford have invited all parties that have shown interest in investing in the stadium for a presentation. This presentation will include Manchester United’s future financial opportunities and how the club will generate further income for the club. The confidential data that include sponsorship deals, players’ contracts, and other financial information regarding Manchester United are still not available for prospective buyers of the club.
It’s not sure whether Jim Ratcliffe will come to the stadium himself, but it is expected that his camp will be visiting for the presentation around the end of next week. Delegations of the Qatari bidder, Sheikh Jassim bin Hamad Al Thani are also expected to arrive at the club by next week. There have been a few more offers including the former owners of AC Milan, the Elliott Group, who have offered to buy some stake in the club whether the club goes to any new owners or stays in the hands of the Glazers.
Manchester United SALE: Sir Jim Ratcliffe, Sheikh Jassim, major investors set to visit Old Trafford, staff to make presentations as Man United takeover nears – Check out
🚨💰| Takeover news:
The Qatari’s are the biggest bidders for Manchester United.
[@lauriewhitwell] #MUFC pic.twitter.com/9tl1yRv8at
— UtdActive (@UtdActive) March 8, 2023
The Glazers have not yet been able to decide whether they want to relinquish all their control of the club. Additionally, they have refused to bring down their selling price from £6 billion. Including the incredible bids from the British billionaire and the Qatari minister, the highest bid has been up to £4.5 billion.
Moreover, the two Glazer brothers, Avram and Joel have intentions of keeping some part of the club’s control in their hands which the other four brothers don’t want. This has even delayed the whole process which was expected to be finished by the end of this month.
The entire bidding process of the club takeover is being handled by the Raine Group who put forward a soft deadline around three weeks ago. It can be inferred that after the presentation shown by the United officials, Raine Group will ask the investors for revised bids.
Most probably, this would not turn out to be the final bid depending on what the Glazer family decides upon in the end will dictate when the new buyers will be taking over the new club.
