Man Utd Takeover Update: Sheikh Jassim bin Hamad Al Thani & Sir Jim Ratcliffe Bids Make It Through To The Next Round
The race to acquire Manchester United continues as two bidders have advanced to the next stage of the takeover process. According to Sky Sports, Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe have submitted bids for the club and will meet with the Raine Group, the bank overseeing the sale for the Glazer family, to continue discussions.
As part of this process, both parties will have access to some of the club’s financial information to help them refine their offers for the Red Devils.
However, it remains unclear if a takeover will come to fruition as the Glazer family has made it clear that they will only sell if their £6 billion asking price is met. The two bids submitted so far are believed to have fallen short of this valuation.
In addition, there is a possibility that the Glazers could retain control of the club. American hedge fund Elliott Management has also expressed an interest in investing in the Red Devils, potentially injecting funds while leaving the Glazers in charge.
The future ownership of Manchester United remains a hot topic and one to watch closely as the takeover saga continues to unfold.
With both teams battling for a top-four finish and a place in next season’s Champions League, this is a must-win game for United. All eyes will be on Ole Gunnar Solskjaer’s side as they aim to continue their impressive run and secure a vital three points against their bitter rivals.