Manchester United Takeover: Manchester United’s takeover can be delayed till the end of this season. We are seeing regular developments in the club sale. Now, the third bidder has also entered the race. The Red Devils are owned by US-based owners the Glazer family. As per the British media, they are looking for a better offer. The latest update in the story can make owners happy. United and their deal handlers, the US-based Raine Group have now called Qatari banker Sheikh Jassim bin Hahad al-Thani and Sir Jim Ratcliffe’s Ineos at the Theatre of Dreams. This Old Trafford talk can move the sale development ahead. Follow Premier League LIVE Updates on InsideSport.IN
Manchester United Takeover: New developments in Manchester United SALE, Mystery bidder joins Qatar Group & Jim Ratcliffe to BUY Red Devils – Check Out
Recently Daily Mail reported that the current owners wanted a bid of at least £6 billion after initial offers from Qatari dealers. British billionaire Jim Ratcliffe was lodged at a maximum of £4.5 billion. The ongoing updates are signifying that this deal will be delayed and we could see it ending in April-May.
Guardian reports that there was indecision between the Glazer siblings. Meanwhile, the sale remained “under serious consideration by the family as a whole”. The only scar for the bidders is the delaying process can simply run out of time because of the indecision of the Glazers family.
What’s happening among the owner’s siblings? United co-chairmen Joel and Avram are keen to get more valuation than their other four siblings. They aim to split their £6bn valuation.
If we discuss Sheikh Jassim’s bid then it gets more critical as the Qatari bidder is seeking for a 100 percent takeover. Meanwhile, Ineos are looking to buy out the Glazers family’s 69 percent majority shareholding.
Manchester United Takeover: New developments in Manchester United SALE, Mystery bidder joins Qatar Group & Jim Ratcliffe to BUY Red Devils – Check Out
We all know that May 31 is the deadline for the owners and the bidders to carck the deal. The summer transfer window will kick off and the club would require new owners to make the deal for the summer. Time concern is also causing a headache for bidders due to the legal complications surrounding the sale of the Red Devils.
The experts have said that it could take two months for the Glazers family to finalise the deal because valuation revolves around the land surrounding Old Trafford, the club’s training ground, and the estimated £500m extra owed to the owners.
This Qatar deal will be important in the pursuit of club sale and if either it gets delayed or canceled, then the process will take place in the month of May. Current owners want a bid of at least £6 billion and the valuation can go maximum of £4.5 billion.
