Manchester United Takeover: Sir Jim Ratcliffe, Sheikh Jassim make sincere DEMANDS ahead of Man United Takeover

Manchester United Takeover: Manchester United Sale: Man United Takeover: The Glazers family has been informed that until they issue a statement indicating they are sincere about giving up full control of the club, the sale of Manchester United won’t go through. The soft deadline for parties to express their interest expired on Friday as Sheikh Jassim bin Hamad Al Thani, the chairman of one of Qatar’s largest banks, and Sir Jim Ratcliffe, the founder of INEOS, came forward. Despite the additional rumoured interest, Ratcliffe and Al Thani are still the only two legitimate offers. Follow Premier League LIVE Updates on InsideSport.IN

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Manchester United Takeover: Sir Jim Ratcliffe, Sheikh Jassim make sincere DEMANDS ahead of Man United Takeover, claim for Glazers to give up complete CONTROL on club – Check Out

In November, United’s owners declared that they were “starting a process to explore strategic alternatives.” The Glazers recruited Raine Group, a US investment bank that assisted Todd Boehly’s group in purchasing Chelsea last year, to manage the process of identifying potential buyers.

Manchester United are not planning an extravagant spend in the summer transfer market even if the Qatar takeover bid is successful, sources have told @RobDawsonESPN 💰 pic.twitter.com/2yvY5DDPBY

— ESPN UK (@ESPNUK) February 21, 2023

The family, who also owns the NFL team Tampa Bay Buccaneers, is rumoured to want £6 billion to sell United, which they took over in 2005 and burdened with debt. They will “consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the company,” according to the original announcement in November.

Manchester United Takeover: Sir Jim Ratcliffe, Sheikh Jassim make sincere DEMANDS ahead of Man United Takeover, claim for Glazers to give up complete CONTROL on club – Check Out

The camps of Ratcliffe and Al Thani are anxiously expecting the Glazers’ remarks. The article cites sources who express concern over the Glazers’ lack of public statements during the process. The US billionaires must certify to Ratcliffe and Al Thani that they are absolutely serious about selling the club and are not merely testing the market. There have been worries that the Glazers may drag out the sale process while they wait for other bids to surface. According to the report, the Glazers’ insistence that they refrain from making any direct or indirect criticisms of the Americans during the process has irritated bidders.

Prior to playing Barcelona at Old Trafford on Thursday night in the second leg of the Europa League, United is continuing to ramp up its preparations. The Reds will be hopeful of moving on to the competition’s round of 16 and maintaining their chances of competing in Europe this season with the scores tied at 2-2 following the first leg in Spain last week.