Man utd takeover news sky sports

Here are the latest news and updates on the potential takeover of Manchester United by Sky Sports:

Latest News:

• According to Sky Sports, the Glazer family, who have owned Manchester United since 2005, are open to selling the club. (Source: Sky Sports)
• The Glazers have hired Raine Group, a US-based investment bank, to advise them on a potential sale. (Source: Sky Sports)
• Several parties have expressed interest in buying Manchester United, including Sir Jim Ratcliffe, the billionaire owner of Ineos. (Source: Sky Sports)
• The Glazers are reportedly seeking a price of around £5 billion for the club. (Source: Sky Sports)

Background:

• Manchester United has been owned by the Glazer family since 2005, when they acquired the club for £790 million.
• The Glazers have been criticized for their ownership of the club, with many fans feeling that they have prioritized profits over success on the pitch.
• The club has struggled to compete with other top Premier League teams in recent years, and there have been calls for the Glazers to sell the club.

Potential Buyers:

• Sir Jim Ratcliffe: The billionaire owner of Ineos, Ratcliffe has been linked with a potential takeover of Manchester United. He has a strong track record of investing in sports teams, having previously owned the French football club Nice.
• Sheikh Jassim bin Hamad Al Thani: The Qatari businessman has been linked with a potential takeover of Manchester United. He is the chairman of the Qatar Financial Centre and has previously been involved in the ownership of French football club Paris Saint-Germain.
• Sir Martin Broughton: The former chairman of Liverpool FC has been linked with a potential takeover of Manchester United. He has a strong background in business and has previously been involved in the ownership of several sports teams.

Timeline:

• The Glazers have hired Raine Group to advise them on a potential sale, and the process is expected to take several months.
• The club is expected to be sold in the summer of 2023, with the new owner taking control of the club at the start of the 2023-24 season.

Reaction:

• Manchester United fans have been divided on the potential takeover, with some welcoming the idea of new ownership and others expressing concerns about the impact it could have on the club.
• The club's players and staff have been advised to remain focused on their performances on the pitch, with the takeover process expected to be completed in the summer.