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Plans for a Manchester United takeover could be delayed until May as the current US-based owners, the Glazer family, are said to be waiting for a better offer, according to British media reports.
The Daily Mail reported this week that the Glazers had a bid of at least A6 billion.
The Mail said it could mean a sale of the club, which won their first trophy in six years by collecting the League Cup on Sunday, would not take place until May at the earliest.
In another report, the Guardian said there was indecision among the six Glazer siblings as each had their own views on a takeover, but that the sale “is being seriously considered by the family as a whole”.
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Sheikh Jassim, 41, who trained at Britain’s Royal Military Academy in Sandhurst, claims to be a longtime United fan.
He was the first to submit a bid by the February 17 “soft deadline,” promising a “completely debt-free” takeover of United.
Boyhood United fan Ratcliffe, who was born in the Manchester area, is one of the UK’s richest people with an estimated net worth of £12.5 billion ($15 billion) following the success of his global chemicals company INEOS.
He is keen to expand his sporting portfolio, which already includes French football club Nice and Swiss team FC Lausanne-Sport, as well as cycling team Ineos Grenadiers, formerly Team Sky.
A price tag of around $6 billion would break the record fee for a football club set when a consortium led by LA Dodgers co-owner Todd Boehly and private equity firm Clearlake Capital bought Chelsea last year.
Russ Mold, investment director at Manchester-based stockbroker AJ Bell, told AFP on Wednesday: “While bidders continue to circle one of the most valuable sports franchises in the world, it appears that neither party can match the 6 mark Manchester has set for the company billion pounds The current owners of United.”
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One of the most successful clubs in English football history, United have struggled to keep up with bitter rivals Manchester City since legendary manager Alex Ferguson stepped down in 2013.
But under disciplined Dutch manager Erik ten Hag, United appear to be on the rise, ending their long wait for silver with a 2-0 win over Newcastle in the League Cup final at Wembley.
They are also third in the Premier League, beating Barcelona last week to advance to the Europa League’s last 16 and beating West Ham in the fifth round of the FA Cup on Wednesday.
Mold said that with United’s brighter prospects on the pitch, the Glazers may think twice about relinquishing full control of the club.
“Speculation is mounting that the family may be less willing to sell the club if Erik ten Hag’s performance revolution, which saw Manchester United enjoy improved form and lift their first trophy since 2017, continues.”
If the Glazers decide to hold on to all or part of the club, it would be deeply unpopular with United supporters, who have often rallied en masse against the American owners whom they accuse of taking money out of the club over the years.
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