Exclusive: Exciting Update on Glazers' Takeover Bid for Man Utd - Club's Market Status Revealed!
The Glazers are reportedly planning to take Manchester United off the market and sell it in 2025 when they believe its value will meet their expectations of £7bn-£10bn Gary Neville is doubtful about their intentions
The bidders interested in purchasing Manchester United are still keen on a takeover and have the belief that the club is still available for sale. A report by the Mail on Sunday suggests that the Glazers intend to withdraw Man Utd from the current market, with the intention of putting it up for sale again in 2025 when they anticipate that its valuation, ranging between £7bn and £10bn, will be fulfilled.
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No parties involved in the takeover talks, including merchant bank Raine, have been informed about any modifications. Towards the end of the takeover process, Sheikh Jassim and Sir Jim Ratcliffe emerged as the sole serious bidders, but their bid fell below the Glazers' valuation. Our sources indicate that they were aiming for £6bn.
The Glazers have consistently shown reluctance to sell the club, never formally putting it up for sale. Additionally, US hedge fund Elliott Management expressed interest in investing in the club, potentially enabling the Glazers to retain their majority ownership.
:The Glazers' ownership of Man Utd has faced constant protests from fans since they executed a leveraged buyout in 2005, resulting in complete control over the club. Discontent towards the family has now reached its peak.
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We pundit Gary Neville says he does not believe the Glazers are actually taking the club off the market.
"The Glazers must take action," expressed the ex-Man Utd captain on social media. "Their financial state has reached a critical point where they require significant investment. Moreover, their detrimental influence on the club permeates from within. Although negligence persists momentarily, it appears inevitable that securing funds will necessitate immediate action."
"Also who would come in as a minority alongside them with the damage it would do to their reputation?"
