“We’re told…” – Sky Sports shares takeover “developments” they’ve heard out of Man United

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According to Sky Sports, there will be a third round of bidding for a potential takeover of Manchester United.

What has changed regarding a takeover of Manchester United?
It was first reported that the Glazers might sell up back in November, but the process has been sluggish ever since.

After submitting second offers for the club last month, Sheikh Jassim and Sir Jim Ratcliffe seem to be the front-runners for any full sale by the American owners.

The lack of communication after submitting revised offers was driving bidders crazy, but there has since been another update, and a final round of bids is now scheduled.

Tuesday night, Dharmesh Sheth of Sky Sports gave an update on a potential takeover at Old Trafford. The reporter said in a tweet that was shared:

“I have some breaking news to share with you, as well as updates on the takeover of Manchester United. We have been informed that there will be another round of bidding for Manchester United.

Raine has instructed Rival bidders to submit their final offers by the end of this month, giving them roughly 19 days to make another offer. The majority of the seven rumored interested parties want to purchase a minority stake in Manchester United.

Sheikh Jassim and Sir Jim Ratcliffe are the two main contenders for the Glazers’ business, as we have been reporting for the past few months. Before the deadline, both are anticipated to submit their final offers. The Glazers reportedly want at least £6 billion for the club.

What are the Glazers going to do next?
Old Trafford offers were reportedly worth around £5 billion, so it appears that the Glazers are waiting for offers that are more in line with their estimated value of £6 billion.

The most recent change wasn’t exactly welcomed by Gary Neville, who called it “classless” and predicted that it would be “toxic” if the Glazers stayed at the club.

The Glazers don’t appear to have been entirely in agreement throughout the process, though. According to earlier reports, Avram Glazer is opposed to selling, Joel Glazer might be persuaded to cash in, and the other four siblings are in favor of selling at a significant profit.

Because of this, the final round of offers may end up being more important than a full sale, and by May, when Erik ten Hag’s team may still be vying for two additional trophies to add to their Carabao Cup victory, we may have more information.

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