Football

BREAKING! The Glazers Shift Manchester United Takeover Deadline Again!

Manchester United’s takeover deadline has been shifted again by the Glazers, Breaking Sport News reports.

The Glazers decided to put up the club for sale in November last year.

The process has been dragging after they hand over the supervision of the takeover process to America merchant Group – Raine Group.

A mid-February soft deadline was set by Raine Group on February 17 to mob up offers and bids for the club.

According to reports, the takeover deadline set by Raine Group was to help mob up offers for the club and also expedite the sale process on or before ending of March this year.

However, despite receiving offers from interested parties, the takeover was delayed further to April ending as the Glazers failed to reach a consensus on Manchester United’s post-sale plan.

There were also divisions among members of the Glazers family about whether to go ahead with the full sale or prioritized investment offers.

The rift and indecision were due to the lack of bids that has met the Glazers’ 6billion valuation of the club.

Now, according to the Telegraph, the April ending which was slated for the takeover process to be completed has now been further shifted to June as no offers have met the Glazers’ valuation of the club.

Sheikh Jassim Al-Thani and Sir Jim Ratcliffe are the leading contenders to take over the reins at Old Trafford as new owners.

However, their bids have fallen short of the Glazers’ valuation of the club hence the drag in the process.

Meanwhile, Elliot investment group has also emerged into the scene interested in the club, but they are interested in a full takeover but to invest and buy shares at the club.

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