The Glazer family have no intention of selling Manchester United unless a potential new owner is willing to match their asking price, the source insisted. 90 minutes.
US investment bank Rhine Group, which handled the sale of Chelsea last summer, was appointed to oversee the bid after the Glazers confirmed in November last year that they would seek outside investment or United. Will consider full sale.
A ‘soft deadline’ was set for February 17, at which time interested parties had to provide details of their offer and proof of funding, but only two bidders have publicly confirmed their interest. – INEOS owner chairman and CEO Sir Jim Ratcliffe and Sheikh Jassim bin Hamad Al Thani, who are leading an offer from Qatar.
90 Minutes understands that other potential bidders have expressed an interest in buying United, but the Rhine Group are keen to keep their names under wraps – with all parties having also signed a non-disclosure agreement.
It is not believed any offers have met the Glazers’ asking price as it stands, which sources claim is closer to £6m. The fact that United’s share price has been fluctuating – changing the overall value of the club – has not helped the valuations some are placing on United.
The Glazers were represented by co-chairman Avram Glazer in the Carabao Cup final – a 2-0 win over Newcastle United who lifted the trophy for the first time in six years – and were joined by boss Erik ten Hague in the post-match celebrations. .
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“He was really happy, very happy for the club as an owner. So I really wanted (him) to be a part of it. He was in the dressing room, great to show his intentions. was there”. said.
Rhine Group is going through every bidder but it is believed that not all parties have yet heard how their interest has been secured.
Other bidders have also registered interest in a potential investment, which the Glazers are open to, and include Ginevra Associates, which has confirmed its interest in working with current ownership.
Irfan Khan, Partner and Digital Economist at Geneva, said: “The Covid-19 pandemic has had a devastating impact on all sports teams around the world – United is no exception. However, we still believe that this is a is a solid investment with excellent upside potential and millions of passionate fans worldwide.”