European Leagues

£6billion Man Utd takeover: Fear grips Glazers over decision to sell club

The sale of Manchester United is in doubt as it’s feared the Glazers won’t sell up, according to reports.

It’s been eight months since United’s current owners announced they were welcoming offers for the club, which was followed by a drawn-out process resulting in two main contenders.

Qatari billionaire Sheikh Jassim and Britain’s richest man Sir Jim Ratcliffe have battled through three rounds of bidding, and it seemed the former had won out after he made an improved fourth offer.

But now the Daily Mail claim it could be the case that neither the Sheikh nor Ratcliffe takes the reins from the highly unpopular Glazer family.

There’s said to be concerns from those involved over the Americans’ future intentions as the £6billion asking price they set hasn’t been met. Offers from both interested parties have peaked at the £5bn mark.

And for that reason there’s a belief amongst some that the process could be put on pause until later this year. Regardless of that, the Glazers will definitely still be at the helm come the start of the Premier League season.

It was initially hoped the situation could be resolved before the summer transfer window kicked into gear, with a winning bidder expected to have been named in mid-June.

But that date has been and gone and there’s no longer enough time to complete a takeover before Erik ten Hag’s side face Wolves at Old Trafford on August 14 in a little over three weeks’ time.

The report adds a lift on the ban of owning multiple clubs in the same competition, which has been mooted, could bring more bidders to the table in the future – meaning the Glazers may sit tight until that increase in demand.

Abdul Noah Ocholi

Share
Published by
Abdul Noah Ocholi
Tags: Featured

Recent Posts

Louis Rees-Zammit Relishes First Twickenham Test As Wales Seek Fresh Six Nations Start

Louis Rees-Zammit is never far from the spotlight. Even while sitting among 70,000 fans at…

17 minutes ago

Ola Aina’s Return Gives Nottingham Forest A Major Boost As Andy Reid Hails His Influence

Former Tottenham Hotspur midfielder Andy Reid has praised the impact of Super Eagles defender Ola…

24 minutes ago

Zubimendi Shrugs Off Real Madrid Links As Arsenal Star Insists Los Blancos Are “More Than Good Enough”

Spain international Martin Zubimendi has played down long-running suggestions that Real Madrid needed a player…

29 minutes ago

Kanté Terminates Al-Ittihad Contract To Seal Fenerbahce Move As Ex-Chelsea Star Returns To Europe

N’Golo Kanté has officially completed a dramatic return to European football after terminating his contract…

54 minutes ago

‘Ridiculous!’ – France World Cup Winner Brands Liverpool ‘Suckers’ Over £60m Jeremy Jacquet Deal

Liverpool have come under heavy criticism in France after agreeing to pay £60 million (€72m)…

1 hour ago

Six Nations Shake-Up: Why The New Six-Week Format Could Change Everything

In a sport that never stops evolving, the Six Nations has always been rugby’s sacred…

20 hours ago