If the most recent reports from Old Trafford are to be believed, this week could prove to be pivotal in the takeover saga involving Manchester United. The initial deadline for finishing the procedure is in danger of being missed as the season’s end draws near.
While Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe wait for word from the Glazer family, Express Sport delivers you the most recent information regarding the United takeover.
hoped-for announcement date
According to sources, a crucial statement that would advance the takeover process could occur as soon as this week.
According to The Independent, bidders are hoping that by Friday they will know which party the Glazers prefer.
The American family and the Raine Group should respond to bidders by the conclusion of the domestic season, if not this week.
The season’s final domestic match is the FA Cup final between Manchester City and United on June 3.
Although Sheikh Jassim’s fourth offer, submitted last week, has proven competitive, Ratcliffe and INEOS are reportedly cautiously hopeful about their chances.
‘Quick’ sale following approval
According to CBS Sports reporter Ben Jacobs, some of the delays in the sale of United are the result of actions that would typically be taken later having already been taken.
And he asserts that if a preferred bidder is announced, a takeover might occur much more quickly than anticipated because both parties looking to buy the club are eager to have control for the summer transfer window.
“So, one of the benefits of the way the process has been framed is even though it appears that we’re delayed over a preferred bidder or any clarity as to what the Glazers are thinking, there are elements of the process that have been completed, that would typically come later in the process in a traditional takeover in a period of exclusivity,” Jacobs said in a statement to GiveMeSport.
In a little transactionally backward manner, a lot of the due diligence, questioning, and logistics have therefore likely been completed earlier.
“As a result, even though we still need the Glazers to approve someone should they do so, once they do or if they do, then both groups have a lot more in place at this stage of the process to try and close a deal as quickly as possible,” the statement continued.
£61m agreement endured
According to reports, United is considering a summer transfer for Bayer Leverkusen winger Moussa Diaby.
However, according to Sky Germany, the club’s ownership uncertainty is impeding both hiring efforts and negotiations to permanently hire Marcel Sabitzer.
According to rumors, United is keeping an eye on Diaby’s predicament as Leverkusen reportedly plans to seek at least £61 million to split ways this summer.
However, no real progress can be done as long as Old Trafford is under ownership uncertainty.