Man Utd takeover latest: Financial Fair Play warning and club legend ‘expresses concerns’

It’s a new week and the 2023/24 Premier League season is that little bit closer to kicking off with the action set to get underway in just over one month.

Manchester United are keeping themselves busy in the summer transfer market to prepare for the new campaign, all while the ongoing speculation about the ownership of the club continues. It appears we are no closer to a prospective takeover with Sir Jim Ratcliffe and Sheikh Jassim bin Hamad Al Thani currently the two interested buyers who have been named publicly.

In today’s headlines, a United legend has expressed ‘concerns’ over the club’s potential new ownership. Elsewhere, there has been a warning to anyone interested in purchasing the club about keeping on the right side of UEFA’s Financial Fair Play rules. Here are the latest Manchester United takeover news headlines on Monday, July 10:

Scholes ‘expresses concerns’ amid ongoing takeover saga

From a report via The Mirror, Manchester United legend Paul Scholes has previously warned the club that there will not be a connection between the club’s fans and any new billionaire owner. The quotes come from a 2021 interview on BT Sport which the daily publication has dug up.

Scholes said: “I’m not sure there ever will be a connection with these owners. I don’t think that’s just this club, I think it’s every club who started with billionaire owners for them to have a toy to make money with.”

Financial Fair Play warning to potential new Manchester United owners

Per a report from the Manchester Evening News, football finance expert Kieran Maguire believes the next owner of Manchester United could face some difficulties due to UEFA’s Financial Fair Play rules. It is claimed that the club’s transfer kitty would likely remain unchanged despite the personal wealth of their prospective buyers.

The article states: “It has been observed, by Maguire, that United cannot afford for their losses - as per FFP rules - to go above £15million due to the Glazer’s lack of investment. That could feasibly be resolved by new owners pumping money in, but UEFA’s financial regulations present another potential dilemma.”