Sky Sports News journalist Kaveh Solhekol has revealed that the bidders for Manchester United will not “pay crazy money” in any doable takeover.
What’s the most recent on the Man Utd takeover?
With the Glazers probably able to promote the membership for good, two official bids have already been tabled and are actually into consideration by the present homeowners.
Indeed, Qatari-linked Sheikh Jassim bin Hamad Al Thani and British billionaire Sir Jim Ratcliffe are each in the working to take over as majority homeowners.
However, the Glazers have additionally been supplied doable financing as properly by US hedge fund Elliott Investment Management in case they don’t need to absolutely promote the membership.
With that being the case, the homeowners have choices and will really feel as if they’ll begin a bidding struggle for his or her asset. However, Solhekol has claimed that any bidders will not overpay for Manchester United.
While speaking on Sky Sports News, he defined: “What we’re being informed is that the bidders for United are not going to pay loopy cash for the membership.
“They won’t dance to the Glazers’ tune. They have a valuation of what they believe Manchester United is worth and they won’t pay more than that.”
Will the Glazers now lastly promote Man Utd for good?
Yes
No
What does the most recent takeover news imply for Man Utd?
If it actually comes right down to cash for the Glazers – which you think it will do – then it seems to be as if the Qatari bid could possibly be the almost certainly provide to be accepted.
After all, they believe their proposal, which will wipe out all of the membership’s money owed, is the very best provide on the desk in phrases of value in addition to a dedication to on and off-the-pitch improvement.
Sir Jim Ratcliffe’s proposal for 69% of United, nevertheless, doesn’t elaborate on the infrastructure of the deal and so it stays unclear as to how attractive that could be for the Glazers who must depart the membership totally in the event that they have been to simply accept the present phrases.
There have been reports that the homeowners need as a lot as £8bn for his or her asset – which is double the world report paid for a sports activities franchise, set when NFL franchise Denver Broncos have been purchased for £4bn.
By the sounds of it although, no bidder will pay fairly as a lot as that and so it will be fascinating to see if any compromises will be reached in the close to future.