Manchester United's takeover continues to progress as we enter into the Easter weekend.
22.03.2023 - 12:41 / manchestereveningnews.co.uk
Sir Jim Ratcliffe could reportedly bring in a number of other financial backers to help him beat Sheikh Jassim bin Hamad al-Thani in the Manchester United takeover race.
The latter is apparently being considered as the current favourite to complete a purchase of the club although Ratcliffe could seek to bring in other parties to bolster his position.
The deadline for updated second bids is thought to be 9pm on Wednesday evening with both Ratcliffe and representatives of Sheikh Al-Thani meeting with United officials last week ahead of finalising renewed or initial offers.
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Sheikh Al-Thani wishes to complete a whole-scale 100 per cent takeover of United, while Ratcliffe wishes to clasp hands on the 69 per cent majority stake held by the Glazers, giving him lead control.
Now, the Daily Mail reports that the Frailsworth-born INEOS billionaire could bring in other interested parties to try and increase the scope of his bid with second bids likely to surpass the £5bn mark.
It says as many as six bids are expected, which would a mixture of full takeover proposals and minority investment offers. All options remain on the table with the Glazers willing not to sell if their valuation of the club - mooted at around £6bn - isn’t matched, it adds.
Those who submit offers on Wednesday are due to receive a response in a week’s time where a third stage of bidding could proceed as the Glazers trim down the number of candidates, albeit it’s unlikely that one sole party will be granted exclusive talks.
The report claims that the current owners wish for the process to be concluded by Easter and that Ratcliffe made a good impression on those at the club and Raine Group -
Manchester United's takeover continues to progress as we enter into the Easter weekend.
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Here are your Saturday evening Manchester United headlines.
Qatar's Sheikh Jassim bin Hamas Al Thani has submitted his second bid for Manchester United.
Paris Saint-Germain are set to escape serious UEFA sanctions despite incurring significant losses due to their sustained overspending across recent seasons.
Sir Jim Ratcliffe has been running football clubs for over five years now.
Marcus Rashford will hold out on signing a new contract at Manchester United until assessing what prospective new owners can offer him, according to reports.
Tyrell Malacia believes he and Marcus Rashford 'give each other energy' down the left-hand side as the Dutchman detailed his relationship with the striker and fellow left-back Luke Shaw.
Former Liverpool captain Steven Gerrard believes the time might have come for Harry Kane to leave Tottenham Hotspur amid Manchester United's interest in his signature.
Sir Jim Ratcliffe submitted a second bid for the takeover of Manchester United on Thursday afternoon after having requests for an extension on the original deadline granted by the Raine Group.
Manchester United supporters have been left shocked following Finnish businessman Thomas Zilliacus' proposal to buy the Reds.
Bids not received
Manchester United's share price has risen by six per cent ahead of the deadline for takeover bids today.