Manchester United takeover latest – when Raine Group could deliver final decision on preferred bidder
Sheikh Jassim and Sir Jim Ratcliffe have both stated their desire to take over at Manchester United, and a definitive choice might be made very soon.
The final decision on the takeover of Manchester United is expected later this week.
After months of conjecture and conflicting stories, Qatari Sheikh Jassim bin Hamad al-Thani and British petrochemicals billionaire Sir Jim Ratcliffe have been vying for a complete takeover from the Glazer family.
With it still unclear who is the favored bidder in the race, US financial firm the Raine Group has been leading discussions of the sale, most recently Ratcliffe’s offer of a 69% share in the club that would see the Glazers continue at Old Trafford in some capacity.
Erik ten Hag is still unsure how the anticipated sale will affect his summer budget plans, with the Reds looking to add many new players to their roster.
With United fans growing impatient, MEN Sport has compiled a list of the most recent headlines concerning the takeover.
The final decision is ‘anticipated’ to be made this week.
According to the Daily Mail, both legal firms representing the buyout bids are compiling the final papers.
Ratcliffe’s Ineos outfit appeared to have taken the lead, but Mail Sport has learned that those operating on behalf of Sheikh Jassim now believe they are still running to take over at United.
After months of speculation, a formal judgment on which bidder will be the chosen candidate is likely in the coming days.
‘Confidence is increasing’ in Sheikh Jassim
According to the Daily Mail, Sheikh Jassim’s team ‘feels they are very much in the game’ after submitting his fifth and final proposal last week.
According to reports, the Qatari bid makes something of a breakthrough’ in recent talks, and the team behind his proposal now believes they are on track to take over at Old Trafford.
Shaiekh Jassim made his fifth and last offer last week and set a Friday deadline, after which he will no longer actively engage in negotiations because the Glazers have had adequate time to make a choice, according to Shaiekh Jassim.
Following his last bid, the Qatari is convinced that he has done enough to be selected as Raine Group’s preferred bidder.
The Sir Jim squad is ‘inquiring.’
Sir Dave Brailsford, Sir Jim Ratcliffe’s loyal buddy, is reportedly making inquiries on sporting decisions’ ahead of a possible takeover.
According to The Athletic, the former British Cycling head could be active behind the scenes at Old Trafford if the British billionaire’s takeover is successful.
According to reports, Brailsford’s actions are interpreted as a “sign of confidence from Ratcliffe” that he will eventually win the race to become the club’s next owner.
