Loyal Lovin readers can support Lovin so we can continue to share the stories of all amazing cities
Minimum custom amount to enter is AED 2
By donating, you agree to the Privacy Policy and Terms of Service
Manchester United Sale May Not Happen For Any Interested Buyer: Reports
When Manchester United “return from their pre-season tour,” some “clarification” about the takeover controversy is “expected,” according to reports.
The takeover window is closing soon, with no progress made as of yet on what the winning bid may be
Since November of last year, the Red Devils have been for sale. At the time, the Glazer family declared that they would “evaluate all options” and that a full takeover was an option.
There have been three formal rounds of bidding since then. Sir Jim Ratcliffe of INEOS and Sheikh Jassim of Qatar have emerged as the front-runners to take over as the club’s principal shareholders, although it is still unclear who will prevail in the takeover battle.
Sheikh Jassim is only interested in a buyout that involves a 100% ownership, but Ratcliffe is reportedly willing to retain the Glazer family with a reduced holding of about 20%.
Recommended
HH Tamim Bin Hamad And Finnish President Met In Helsinki To Deepen Diplomatic Ties
Weekend Watchlist: 5 Must-Do Activities in Qatar!
Qatar Anticipates Increased Chances Of Rain This SeptemberInitially, it was thought that a takeover would be completed in the early months of 2023, however this goal has since been shown to be unattainable.
The “bad news” for Manchester United, according to writer Ben Jacobs, is that “the transfer window could potentially close or be very close to closing before any prospective new owner – should they come in – has any influence,” earlier this month.
