Manchester United Takeover: Glazers set DEADLINE for sale of Club, REDUCE Asking Price to £6billion

Manchester United Takeover: Manchester United SALE – Manchester United is one of the most followed clubs in world football run by the Glazer family. The American owners had brought the Premier League, giants, 17 years back and decided to put the club for sale last November. Even though the Glazers have received plenty of offers no concrete decision has been made. They allegedly want to hold out for £8 billion in order to sell the entire team but in the latest development, Glazers set a DEADLINE for the sale of Club REDUCING the asking Price to £ 6 billion. Follow Premier League LIVE Updates on InsideSport.IN

Manchester United Takeover: Glazers set DEADLINE for sale of Club, REDUCE Asking Price to £6billion – Check Out

Also Read: Manchester United Takeover: Qatari investors pursuing Man United to NOT provide hindrance, AIM to assist head coach Erik Ten Hag with FUNDS – Check Out

🚨 The Qatari investors want the Manchester United takeover to be done as quickly as possible so they can inject massive funds to help Erik ten Hag immediately.

(Source: @MikeKeegan_DM) pic.twitter.com/OkZ3jcTY6b

— Transfer News Live (@DeadlineDayLive) February 8, 2023

According to The Sun, US merchant bankers Raine, who is overseeing the sale, has set a February 17 deadline for offers. While the Glazer family is targeting an offer in the region of £ 6 billion they might have to settle for less. The latest buyer will need £2 billion to renovate Old Trafford and Carrington.

The report further states that a fee in the region of £4.1-£4.5bn seems more realistic. February 17 is viewed as a “soft” deadline for the bid to come. However, a better bid could later be lodged even after the deadline day. If Glazers feel that they have not received the right offer then they could instead sell a minority stake and retain control.

Manchester United Takeover: Glazers set DEADLINE for sale of Club, REDUCE Asking Price to £6billion – Check Out

Also Read: Manchester United Takeover: Millionaire INEOS owner Sir Jim Ratcliffe READY to BUY Man United, SET to Send Official Bid as Glazers remain adamant with £8 billion asking PRICE – Check Out

Manchester United Takeover: Jim Radcliff and Qatari owners battle for ownership

The owner of Manchester United in their statement had earlier said “We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future”.

“Throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders,”. Currently the battle to buy the club is between Jim Radcliff and Qatari owners.

Manchester United Takeover: Glazers set DEADLINE for sale of Club, REDUCE Asking Price to £6billion – Check Out

UEFA laws prohibit Qatari Sports Investment (QSI) from buying United, since they being the current owners of French club Paris Saint-Germain. However the money for United bid is reportedly comes from an individual fund which is likely to receive the green light.

Jim Ratcliffe, has also formally expressed his interest in buying Manchester United . According to the latest report by Mirror.co.uk Ratcliffe has hired Goldman Sachs and JPMorgan to advise him during the takeover process.

The report further stats that Goldman Sachs and JPMorgan would be willing to back a takeover bid with bonds and loans. The two banks will cover the value of United’s existing debt. The English billionaire had previously made a last-ditch bid for Chelsea. Currently he owns Nice of France, Lausanne of Switzerland, and a third of F1 team Mercedes.