Manchester united takeover latest news
Here are the latest news and updates on the potential takeover of Manchester United:
Latest News:
- Glazers open to selling Manchester United: The Glazer family, who have owned Manchester United since 2005, are reportedly open to selling the club. According to a report by The Times, the family has hired the investment bank Raine Group to explore options for a potential sale. (Source: The Times)
- Qatari investors interested in buying Manchester United: Qatari investors, including the country's sovereign wealth fund, are reportedly interested in buying Manchester United. The Qatari investors are said to be willing to pay around £5 billion for the club. (Source: The Guardian)
- Sir Jim Ratcliffe's Ineos Group interested in buying Manchester United: Sir Jim Ratcliffe, the billionaire founder of Ineos Group, has expressed interest in buying Manchester United. Ratcliffe, who is a lifelong Manchester United fan, has a net worth of around £21 billion. (Source: The Telegraph)
- Manchester United's valuation: The club's valuation is reportedly around £4.5 billion, making it one of the most valuable football clubs in the world. (Source: Forbes)
Background:
- Glazer family ownership: The Glazer family, led by Joel Glazer, have owned Manchester United since 2005. The family has been criticized for their ownership style, with some fans feeling that they prioritize profits over the success of the team.
- Fan protests: Manchester United fans have been protesting against the Glazer family's ownership, with some calling for the family to sell the club. The protests have been ongoing for several years and have gained momentum in recent months.
- Financial struggles: Manchester United has been struggling financially in recent years, with the club's debt increasing to around £500 million. The club has also been hit by the COVID-19 pandemic, which has had a significant impact on its revenue.
Potential Takeover Timeline:
- 2023: The Glazer family is expected to make a decision on the sale of Manchester United by the end of 2023.
- 2024: If a sale is agreed, it is expected to be completed by the end of 2024.
Please note that the takeover process is ongoing, and the latest news and updates may change rapidly. I will do my best to keep you informed of any new developments.