Man Utd takeover latest: Jim Ratcliffe and Sheikh Jassim stance, ‘unthinkable’ concern, rivals get takeover
A look at the latest news surrounding a possible takeover at Manchester United as the process runs on.
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Manchester United fans continue to wait for a takeover 10 months after the Glazers’ first announced they would be considering outside investment.
The Red Devils fans have long been unhappy with the Glazers ownership situation, and theinvestment announcement sparked excitement among fans, but progress has been slow ever since. Despite the presence of two serious bidders, the Glazers have dragged their feet and are yet to confirm whether they will complete a full sale.
With the process still ongoing, we have rounded up all the latest news surrounding the situation.
The good news for United fans is that bidders Ratcliffe and Sheikh Jassim are both said to be remaining patient in their attempts to buy the club.
According to The Guardian, both bidders have different views on the situation, with Ratcliffe believing the Glazers are willing to sell, while Jassim believes the current owners do not want to sell the club. Still, both are willing to play the long game despite reports that the latter has set deadlines for a response.
The Glazers have not responded to the most recent offers, still considering what they want to do, but that isn’t scaring off Jassim nor Ratcliffe, according to the report.
Bidder Jim Ratcliffe recently had his say on the takeover process at Old Trafford.
In an interview on INEOS.TV, Ratcliffe said: “The Manchester United bid would have been unthinkable two or three years ago if we hadn’t had some of the experiences - some quite difficult experiences with Lausanne and Nice.
“You can’t really contemplate acquiring a brand like Manchester United and failing because the failure is just far too public and excruciating in a deal like that.”
United have been leapfrogged in the Premier League richlist by Everton.
The Glazers have a reported net worth of £3.8billion, but Everton now look set to get new owners in the form of 777, who are not particularly well-liked at some of their other clubs, with protests from fans at Standard Liege.
But their £9.7billion net worth puts them above United’s owners when it comes to the owners richlist.