Man Utd takeover ‘coming very soon’ as Glazers finally ready to go – Arab billionaires reveals when they’ll complete $9billion purchase
Manchester United fans have been told the club’s takeover could be “coming very soon”.
The Red Devils have been up for sale since November 23, when the club announced it was “exploring strategic opportunities,” including its complete sale. Britain’s richest man Sir Jim Ratcliffe, Apple, and Amazon have all been touted as potential suitors for the club.
United fans were absolutely ecstatic when they found out the controversial Glazer family had put the club up for sale. And their levels of excitement could be set to rise even more, as United have been told their potential new owners are “coming very soon”.
David Ornstein of the Athletic said a takeover “could be coming very soon” before Manchester City’s away victory over Leeds United. When asked about the potential timeframe a takeover can be completed, Ornstein stated, “you will need to watch this space on a takeover because it could be coming very soon and it will be a seismic moment in the history of Manchester United.”
The Glazer family took over the club in 2005 in a leveraged buyout that still sees United lumbered with £514.9m worth of debt. The Raine Group, who are handling the potential sale of the club, have priced the Red Devils at around £6bn to £7bn.
The Athletic also understand the Raine Group are intending of completing a successful sale in the first financial quarter of 2023. While Ornstein may have suggested a successful takeover is on the horizon, United owner Avram Glazer did recently drop a hint of doubt about the club being sold.
He was confronted by reporters in Qatar during the World Cup. When asked about the possibility of United being sold, Glazer insisted they could still decide to keep the club.
“It’s not necessarily a sale,” Glazer said to a reporter in Qatar. “It’s a process and we’re going forward with the process, so we’ll see what happens.
“”I’m here to really watch the World Cup but I appreciate your interest. That’s the update, it’s the process and the process is proceeding.”