Manchester United will be free from the reign of the Glazers family within a very short span of time as things become very heated concerning the takeovers with bids to the placed on Friday.
According to Bloomberg, an opening bid of £5 billion will be placed on Friday by a Consortium of Qatari investors that includes former Prime Minister Hamad bin Jassim bin Jaber Al Thani.
Qatari royals including former prime minister plan £5 billion opening bid for Man United https://t.co/kEdJjCFD4U
— Bloomberg UK (@BloombergUK) February 16, 2023
A Qatari journalist has posted on Twitter and suggested the Red Devils will have new owners soon as Qatar groups are well ahead in the race to buy the Manchester Red Devils.
“After the intransigence of Liverpool’s owners and their refusal to give a percentage exceeding 49% (a controlling percentage in which decision-making takes place), the compass changed completely for Manchester United, very simple steps to announce the acquisition of United.”- the journalist’s post reads.
Sir Jim Ratcliffe, a British businessman and the founder and CEO of the multinational chemical company, was in talks with Goldman Sachs to bankroll the Man Utd takeover bid and expected to bid in the upcoming week.
— southnewspress (@southpressnews) February 10, 2023
Billionaire Elon Musk also reportedly joined the hunt to buy the Red Devils from the Glazers as investors from Saudi Arabia and the United States are also in contention to pursue the club.
The Glazer family, led by American businessman Malcolm Glazer, acquired Manchester United Football Club in a highly leveraged takeover in 2005 which was labeled as very much controversial.
The Glazers purchased the club for a reported £790 million, with the majority of the purchase funded by loans secured against the club’s assets, and the debt incurred by the takeover has been a source of criticism for the Glazers.
The American business family has faced criticism from so many Manchester United fans who believe that Malcolm Glazer has prioritized profits over the success of the club which led to protests and calls for the family to sell the club in 2021.
Finally, the Glazer family is set to leave Manchester United which will sound music to the ears of the fans, but who will buy the club from them is remained uncertain but a high cash affair is going to be engaged for sure.