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November 25th , 2024

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MANCHESTER UNITED CONFIRMED TAKEOVER INTEREST AND POTENTIAL BIDDERS AHEAD OF DEADLINE

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Sports

A year ago



Manchester United takeover news:

Up to five 'serious' deals going on as the deadline ends

There are many names on the list of ownership of Man United

There are many names on the list of ownership of Man United

As one of the biggest brands in the world of sports, Manchester United has attracted a lot of interest since it was reported that the Glazer family was looking for new investors to take over all or part of the club.



There has been talk of an internal takeover, alongside several bids from around the world, with interest from the Middle East, the United States and a British investor in the form of Sir Jim Ratcliffe . Anyone who chooses to turn their interest into a specific offer will have until 10pm tonight - the soft deadline - to make a statement.


Any interest that translates into a specific offer on Friday will be scrutinized by investment bank Raine Group, with the US bank, which brokers the 2022 Chelsea takeover, tasked with the same task. on behalf of United. The deadline has been set by the company, which will listen to offers from various sources with a reported asking price of £6 billion set by the current owners. We consider interested parties suspected of making an offer.


Sir Jim Ratcliffe

At a time of increasing foreign investment in the Premier League, Sir Jim Ratcliffe's presence in the spotlight is generally welcomed by United fans. With his diverse experience in sports investing through his participation in OGC Nice, Mercedes F1 Team and Ineos Cycling team, he is certainly a popular choice.



Ratcliffe is the only public contractor confirmed at this stage, his company told the PA news agency last month:

"We have officially committed to the process."


The billionaire was born in Greater Manchester and is a fan of the club. However, its wealth may not rival some of the most powerful corporations and states on this list. Cata

The small Gulf nation is expected to continue investing in football and United's offer could come from the Qatari royal family in the form of the Qatar Investment Authority. Their assets have totaled around £340 billion, while their ownership of PSG has been a high-profile acquisition.


They could offer a £4billion deal to invest in the club with the state wanting to get involved in the Premier League. However, criticism of human rights in the country and accusations of 'sports washing' mean any offer will be scrutinized.


Saudi Arabia


While Saudi Sports Minister Prince Abdulaziz bin Turki Al-Faisal told the BBC that buying United or Liverpool would be encouraged, it remains to be seen whether the formal offer materializes. or not. As Saudi Arabia has invested heavily in Newcastle United, conflicts of interest may arise and bidders must make it clear that this investment is coming from entirely separate sources.


Elon Musk

The Tesla founder and new owner of Twitter once joked about the prospect of buying United, but as one of the richest people on the planet, he certainly has the resources to do so, even if he still doesn't. have to see if it's something more than that. rather than speculation.


Josh Harris and David Blitzer

As a shareholder of Crystal Palace and one of the first to buy Chelsea last year, the owners of Harris Blitzer Sports & Entertainment will be familiar names with the Raine Group. However, they may participate in the competition primarily as a minority shareholder with 

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