Monday 12 June 2023

MAN UTD TAKEOVER: THE GLAZERS REFURE TO FOLLOW NORMAL PROTOCOL RISKING QATAR BACKLASH

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Man Utd takeover: The Glazers risk Qatari backlash as the sale process nears its conclusion.

The Glazers don't plan to follow the standard procedure at the conclusion of the Manchester United takeover process, according to reports. And it risks Qatari backlash after Sheikh Jassim bin Hamad Al Thani set a strict deadline with his improved fifth bid earlier this week.

Reports state that leading bidders Sheikh Jassim and British billionaire Sir Jim Ratcliffe expect to learn the Glazers' sale decision in the coming days.

Ratcliffe has been considered the frontrunner due to his takeover bid allowing the Glazer family to retain a minority share in United.

However, it's said there is growing optimism in Qatar after Sheikh Jassim's fifth and final offer for a full sale rivalled the value of the INEOS top dog's approach.

An update claims that the Glazers don't plan to replicate the procedure the Raine Group took in the closing stages of Chelsea's final sale.

- Alex Turk

 

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