Friday, June 9, 2023

Man United Bidders Cleared For Next Stage Of Takeover – Reports

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Bids from Qatar’s Sheikh Jassim Bin Hamad Al Thani and British billionaire Jim Ratcliffe to buy Manchester United have progressed to the next stage of a potential takeover, according to reports on Sunday.

Sky Sports and The Telegraph said the bidders will now have the opportunity to conduct due diligence on the club by accessing detailed financial information.

Neither bid has reportedly met the £6 billion ($7.2 billion) asking price of the current owners the Glazer family.

READ ALSO: Manchester United Ends Trophy Drought With Carabao Cup Final Win Over Newcastle

The Americans have been deeply unpopular with United fans since burdening the club with huge debts via a leveraged £790 million takeover in 2005.

The Glazers have also overseen a major decline in United’s fortunes on the field.

READ ALSO: Arsenal Beat Bournemouth In Thrilling Comeback, Man City Maintain Pressure As Wolves Thump Hapless Spurs

Victory over Newcastle in last weekend’s League Cup final was the English giant’s first trophy for six years and they last won the Premier League title a decade ago.

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Photo Credit: Getty 

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