Manchester United takeover is over some doubts due to a lot going on behind the scene, MySportDab reports.
The Old Trafford club has been put on sale for a long time which since then there hasn’t been a matching offer yet to buy.
The Glazers family value the club for £6 billion which they are not looking at lowering the price for any suitor looking to take over.
There are now growing concerns that the club might face the possibilities of not being sold anymore despite all the offers coming in.
It is expected that the bid from Qatar will come in today which could finally meet up with the £6 billion value which the owners are looking to sell.
It was revealed that neither the Sheik Jassim bin Hamad al-Thani group nor Sir Jim Ratcliffe’s Ineos team had submitted bids.
Raine, the US bank in charge of the process, extended their time. Yesterday, the Ineos bid was submitted, and today, the Sheik Jassim bid is anticipated.
It is believed that the combined value of both offers is around £5 billion. The Glazers, on the other hand, are looking for a lot more than the record amount for buying a sports club.
A full sale is unlikely to happen if the Glazers refuse to compromise. In point of fact, there are increasing concerns that those who are interested in purchasing the club are wasting their time.
Elliott Investment Management, the former AC Milan owners who had previously offered funding to prospective bidders, submitted their own proposal for a minority stake on Thursday.
They were thought to have been so impressed by one of the presentations given to a number of groups in Manchester that they decided to make their own offer.
Whether the Glazers will accept a minority offer, such as Elliott’s, or a full sale, remains to be seen.
The mess on Wednesday didn’t do much to calm things down in a process that is getting more and more fractious.
This afternoon marks the new bid submission deadline. The parties involved anticipate receiving a response within approximately seven days.
However, there is a possibility that their bids will not be considered sufficient, and by the next stage, Sheik Jassim and Ratcliffe may be out of the running.
A Finnish businessman claimed on Thursday that he had submitted a bid for United.
Thomas Zilliacus said in a public statement that he wanted to buy half of the club and would rely on the one billion United fans worldwide to pay about £3 each for the other half.
The process was not being taken seriously, according to sources who were familiar with it.
No final decision has been made yet concerning the sale of Manchester United which might be revealed today after the bid from Qatar.
