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Manchester United’s current owners are ‘divided’ on whether to sell the club below the asking price or keep control if no bidders meet their demands, a new report claims. doing.
United’s acquisition process is heating up as the Glazer family’s February 17 deadline for bids approaches.
Many stakeholders are said to be involved in the race. Alongside Sir Jim Ratcliffe, there is interest from Qatari and Saudi investors.
There are also American bidders such as Steve Paluca, keen to take charge of Old Trafford.
According to Foot Mercato of The Mirror, Jim Ratcliffe has made it clear that he will not waste money in his efforts to pry United out of the Glazers’ hands.
The Peoples Person reported that Ratcliffe secured the services of Goldman Sachs and JP Morgan to provide funding to help bid for the Red Devils.
Ratcliffe told Goldman Sachs and JP Morgan that the £4 billion price tag would not be exceeded.
As The Mirror points it out: The owner of Ligue 1 Nice is rumored to have revealed that he will not pay more than £4 billion to secure his league giants in the Premier League. ”
The outlet, on the other hand, states that the families cannot agree with each other.
“The Glazer family, owners of Manchester United, are grappling with the price they can expect from the club,” the report claims.
The article reiterates that Ratcliffe isn’t even sure the Glazers are even serious about selling the club, given the unrealistic price tag.
Disagreement over whether the price should be reduced by 50% if another bidder meets the valuation is debatable. But to do otherwise, any claim to win £6bn would rule out Ratcliffe. It remains to be seen which side of the family will win that battle.