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Manchester United Bidders Set For Old Trafford Talks: Reports | Football News

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Manchester United Bidders Set For Old Trafford Talks: Reports | Football News

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Rival bidders for Manchester United are on account of maintain talks on the Premier League membership’s Old Trafford floor this week, British media experiences mentioned on Wednesday. The membership’s homeowners, the unpopular Glazer household, introduced in November they have been conducting a strategic assessment, with the sale of United one choice on the desk. Qatar’s Sheikh Jassim Bin Hamad Al Thani and British billionaire Jim Ratcliffe have made bids for the 20-time English champions. Britain’s Press Association mentioned representatives of Sheikh Jassim have been due in Manchester on Thursday, with Ratcliffe set to attend a presentation by senior administration the next day.

Qatari banker Sheikh Jassim is aiming to take 100% management of United and has attracted help from some followers by pledging to wipe out United’s debt.

Boyhood United fan Ratcliffe’s INEOS firm is seeking to achieve majority management by shopping for out the stake held by the Glazers.

Neither bid is known to have met the present homeowners’ reported asking worth of £6 billion ($7.2 billion).

Elliott Investment Management has additionally made it by way of to the following stage of the bidding course of, though the US-based agency is claimed to offer funding somewhat than a takeover.

The Glazers have saddled United with enormous money owed and have additionally overseen a significant decline within the membership’s fortunes — final month’s League Cup win at Wembley was their first trophy for six years.

Ratcliffe, 70, already owns French Ligue 1 facet Nice and Swiss outfit FC Lausanne-Sport.

(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)

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