Both the Qatari delegation and Sir Jimmy Ratcliffe have made record-breaking bids to buy Manchester United, but everything is open to the Glazer family’s decision.
We had developments in Manchester United’s ownership change negotiations as bids of almost €5.6 billion (£5bn) from the Qatar fund, as well as Britain’s richest, Sir Jimmy Ratcliffe, came in as part of the disaster Deadline, as reported by the Daily Mail.
The deadline was set by the American bank handling the negotiation process. Both sides feel alone in the negotiations at the moment, both for a majority stake and for a shareholding (this option is also on the table).
But even these offers do not appear to meet the financial claims of the Glazer family, who would agree to the concession for a sum of just under six billion euros (6.7 billion pounds).
The sports record for a team takeover is the Denver Broncos from the NFL at 4.1 billion euros. Even the offers currently on the table exceed that amount.
As the publication reports, the Red Devils’ new owners will have to invest an amount of almost £1-2bn to improve facilities, but also transfers needed to see the team return to the top.