Last November, United’s American owners put the club up for sale for the first time. However, the process of selecting the club’s next owners has been lengthy and difficult.
Indeed, Sheikh Jassim, who leads a Qatari consortium, and Sir Jim Ratcliffe’s company Ineos have both led the bidding and are competing for supremacy.
It was believed that any takeover would be completed in time for the end of last season, giving manager Erik Ten Hag a better sense of the cash at his disposal.
However, the Dutchman has had to contend with the Glazer family’s £175m transfer budget – plus any additional produced by player sales – which is currently depleted.
The Qatari seemed to be the more favored. Their strategy included purchasing United entirely for a £6 billion bundle. They also intended to invest in the stadium and adjacent surroundings. Plenty of money would also be invested in club renovation, with speculative multi-million dollar connections surfacing for numerous star players.
Ratcliffe’s offer was believed to be worth £5.5 billion, however, it included the Glazer family as minority shareholders.
However, after nine months, the end is now in sight, according to The Sun.
They further allege that an agreement to finalize the takeover has been agreed upon for mid-October.
The Glazers’ complete selling of the club will be enthusiastically greeted by United fans, who have long opposed their dominance. However, the Florida-based family will profit enormously when their father, Malcolm, purchased United for only £790 million in 2005.