The sale of the Man United club will last until the third round of bidding. This information has been sent to interested parties.
Raine Group has asked bidders to submit a third offer by the end of April to buy Man United. It is known that there are a total of 7 interested parties, most of which only want to buy a small stake in the club.
Two contractors who want to buy Man United outright from the Glazer family are Sheikh Jassim and Sir Jim Ratcliffe. They are all expected to submit their final offers by the deadline.
The Glazers want at least £6 billion from the sale of Man United. Sheikh Jassim is also willing to pay a hefty price to buy Man United with an offer close to the Glazers’ valuation.
Before that, the Qatari contractor showed his determination not to pay too much to buy MU. But this view changed after the visit to Old Trafford by the Qatari delegation in March.
Sheikh Jassim’s agent requested more time in the second round of bidding. But the Qatari group submitted an offer that was said to be highly competitive but also reasonable.
The delegation of British billionaire Sir Jim Ratcliffe also visited Old Trafford stadium and Carrington training ground before making the second offer.
The investment fund Elliott Management also made an offer to buy back shares of Man United. They also do not hesitate to declare their willingness to provide financial support to organizations that want to invest to buy back all of Man United’s shares.