Suara.com – The Glazers are reportedly implementing a deadline regarding the sale of Manchester United. They want the Red Devils to be immediately acquired by interested parties before the summer transfer market opens in June 2023.
The news was reported by The Telegraph, Saturday (11/3/2023). Glazer’s goal is to complete the acquisition deal within the first quarter of this year or at the end of April.
However, given the current situation, a sale before the opening of the summer transfer window is deemed more realistic, said a source close to the process.
Manchester United owners Joel Glazer (right) and Avram Glazer. (SCARFF / AFP Oil)
The Glazers, who are businessmen from the United States, want at least £5 billion to let Manchester United go, but offers from Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe are thought to be less than that.
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Top officials from US hedge fund Elliott Management are understood to have met with counterparts from Raine, the merchant bank running the process, and financial adviser to the Glazer Rothschild family in Manchester on Thursday (8/3/2023).
Representatives for Elliott were at Old Trafford to watch United beat Real Betis 4-1 in the Europa League. Their presence marked the start of the second phase of the sales process. United.
Manchester United’s Brazilian midfielder Antony (R) celebrates with his teammates after scoring his team’s second goal during the first leg of the Europa League round of 16 first leg between Manchester United vs Real Betis at Old Trafford stadium in Manchester, north west England, on March 9, 2023 .DARREN STAPLES / AFP.
Sheikh Jassim and Ratcliffe’s Ineos Group will reportedly attend a detailed presentation at Old Trafford next week.
Sources familiar with the process claim that at least four parties are interested in buying the club, although only Sheikh Jassim and Ratcliffe have gone public with their offers.
An insider told the Telegraph that the Glazers, whose 18-year ownership of United has been marred by protests and angry fans, would nevertheless sell the club to a “predetermined party” but were also weighing up the right price.
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Bidders will be given access to more detailed financial information and the opportunity to take a closer look at the club’s Old Trafford and Carrington training base, both of which require large investments.
