Manchester United bidders are facing uncertainty as they remain unaware of the Glazer family’s intentions regarding the club’s future. Despite earlier indications of a potential takeover, recent developments suggest a change in course.
Last November, the Glazer family, who own the Red Devils, signaled their willingness to sell the club. Initially, it was anticipated that a takeover might occur by April or at the latest, with the opening of the summer transfer window.
Two prominent contenders, Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe, emerged as potential buyers. However, recent speculations suggest that the Glazers may be reconsidering their decision.
Reportedly, the American owners have opted to withdraw the club from the market. This decision comes after frustration grew due to the failure to meet their hefty asking price, rumored to be as high as £10 billion.
Surprisingly, despite these clear indications, Manchester United bidders have not been formally informed about the club’s change in status. The Daily Mail reported this development, shedding light on the uncertainty surrounding the situation.
This season, there have been renewed protests against the Glazer family by sections of Manchester United fans. These passionate supporters are determined to influence the ownership of their beloved club.
Meanwhile, Sheikh Jassim and Ratcliffe still believe that a takeover remains a possibility. Negotiations are ongoing, with the latest offers from both camps hovering around £5 billion. However, there are significant differences in their proposed takeover strategies.
Sheikh Jassim aims for a complete takeover, while Ratcliffe is presently seeking a controlling stake with plans for a 100% takeover at a later stage. This divergence in approach underscores the complexity of the situation.
Within the Glazer family itself, there appears to be significant conflict regarding the best course of action, with different family members holding varying viewpoints.
Amidst this off-the-field speculation, Manchester United’s on-field performance for the 2023-24 campaign has been less than stellar. They have won two matches and suffered two defeats in their first four Premier League fixtures.
The Red Devils secured victories against Wolverhampton Wanderers and Nottingham Forest on home turf but faced losses to Tottenham Hotspur and Arsenal on their away matches.
During the summer transfer window, Manchester United made seven signings, with Rasmus Hojlund being the most expensive acquisition from Atalanta BC.
Other notable arrivals include Mason Mount, Andre Onana, and Altay Bayindir on permanent deals, while Sofyan Amrabat and Sergio Reguilon joined on loan. Additionally, Jonny Evans returned to the club on a free transfer.