One insider claims that the protracted takeover drama involving Manchester United has “movement.”
The Glazer family, United’s present owners, indicated that they were looking for new investment in the team about a year ago.
Although no agreement has yet been reached, famed Qatari banker Sheikh Jassim bin Hamad Al Thani and INEOS founder Sir Jim Ratcliffe, a lifetime Man United supporter and one of the wealthiest individuals in Britain, continue to appear to be the frontrunners to invest at Old Trafford.
But may things be about to change? In response to questions about United, The Athletic’s David Ornstein explained:
“We receive several inquiries on this [the proposed takeover of Manchester United]. Contrary to reports that it is going the way of Sheikh Jassim, I’m told there has been activity, and I keep hearing that INEOS taking a minority stake and expanding from there is still more plausible.
“Having stated that, I was previously informed that Sheikh Jassim would receive it! This either demonstrates that the momentum keeps shifting or that none of us truly understands. Perhaps not even the Glazers are aware.
The reasons why Man United’s issues are WORSE THAN YOU THINK
The position still appears to be quite ambiguous, it’s fair to say, as United supporters grow more and more upset with a deeply unpopular ownership.
The Old Trafford main owners, the Glazers, estimate the club’s valuation to be between £7 billion and £10 billion.
But whether they can reach an agreement on such a high-value transaction or whether they would have to settle for selling a minority portion remains to be seen.