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Man Utd investors ‘have takeover theory’ as Glazer family make unusual move

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Manchester United are still yet to publish their annual financial results in a move from the Glazer family that could be linked to their protracted takeover saga.

The Premier League outfit are closing in on the one-year anniversary since their American billionaire owners invited offers for the club but there has been no offer accepted, with Sheikh Jassim and Sir Jim Ratcliffe leading the race to buy control. But investors have reportedly been left in the dark about the current state of the club’s finances.

Speculation is rife that there has been a delay to factor in news about the club’s potential new owners. However, it is also quite possible that the Glazers are simply waiting for the opportune time to release their 2023 numbers – a move that may add to the frustration felt by United fans who have made their position on their owners abubndantly clear.

The Daily Mail reports that budgets are ‘tight’ at the club, with long-term projects shelves and ‘virtually off the table’ until more developments are made in determining what their revenues are. It is estimated by the club that United’s forecasted revenues could reach as high as £650million, which would represent a huge climb from their 2022 results of around £580m.

The Red Devils have taken the unusual step of waiting until October without announcing their figures for the financial year ending June 2023. In nine out of the last 10 years, United have announced these results in September.

The Glazers are under no obligation to post their yearly report until the regulatory cut-off, which is not due for another few weeks. But the uncertainty is causing more angst amongst the fanbase and potentially investors too.

Back in 2020, investors were made to wait until as late as October 21 before they were able to see the report, which included eye-watering losses of £118m due to the coronavirus pandemic.

This similar delay may give a similar cause for concern while the club remain in limbo. Recent reports suggest Ratcliffe may now be interested in a deal that would see him own a 25 per cent stake in the club, allowing the Glazers to retain their majority share.

Last November, the Glazer siblings announced that they were intending to explore ‘strategic alternatives’, including fielding offers to sell the club, as they eyed a huge profit on the £780m leveraged deal agreed by their father Malcolm in 2005.

It is understood that United – who hired US firm Raine to handle the takeover process – received multiple bids from Qatari billionaire Sheikh Jassim, with the highest exceeding £5bn.

United fans held their latest protest outside Old Trafford before their 2-1 win over Brentford on Saturday with banners and signs urging the Glazer brothers, Avram and Joel, to sell up. As of yet, there is still no decision some 11 months down the line.

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Transfers

Transfer: Trabzonspor keen to extend Onuachu’s loan for another season

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Transfer: Trabzonspor keen to extend Onuachu’s loan for another season

Trabzonspor want to take Southampton forward Paul Onuachu on loan for another season.

Onuachu joined the Turkish Super Lig side on a season-long loan last summer.

The Nigeria international has registered nine goals and three assists in 17 league appearances for Trabzonspor.

The Black Sea Storm are keen to sign the striker permanently but cannot meet up with Southampton’s €15 million valuation.

According to a report in Transfermarkt, Trabzonspor president, Ertugrul Dogan is pushing hard to have Onuachu at the club at least for another season.

A return to Southampton is highly unlikely for the lanky hitman, who struggled to establish himself during his six-month stay at the club.

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Transfer: Napoli identify top striker to replace Osimhen

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Transfer: Napoli identify top striker to replace Osimhen

Napoli have identified Lille striker, Jonathan David as the top target to replace departing Victor Osimhen.

Despite signing a contract extension with Napoli last December, Osimhen is set to leave the Italian side at the end of the season.

Paris Saint-Germain is leading the race to sign him as a replacement for Real Madrid-bound Kylian Mbappe.

Chelsea are also said to be interested in signing the Nigeria international as their marquee forward signing to take the club to the next level.

La Gazzetta dello Sport reports that Jonathan David is the top preference for Napoli.

David has scored 23 goals and provided 7 assists in 39 games so far this season, mirroring his output from the 2022-2023 campaign.

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Transfer: Newcastle, Tottenham, Aston Villa, Barcelona, others battle for Ndidi

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Transfer: Newcastle, Tottenham, Aston Villa, Barcelona, others battle for Ndidi

Super Eagles midfielder, Wilfred Ndidi could be playing for Tottenham Hotspur or Newcastle United next season.

The two Premier League sides have joined a host of other European clubs keeping close tabs on the Nigeria international.

The 27-year-old, who is helping Leicester City make a swift return to the Premier League, is currently in the last months of his contract at the King Power Stadium.

Ndidi could leave on a free transfer after the expiration of his contract with the Foxes.

Tottenham, Newcastle, Aston Villa, Brighton & Hove, and Wolverhampton Wanderers are all monitoring the situation of Ndidi, according to HITC.

With Ndidi’s experience, Leicester City have worked themselves into a position to return to the top-flight of English football next season.

DAILY POST reported yesterday that La Liga giants, Barcelona are keen on bringing the Nigeria international in the summer.

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