Glazers Aim to Sell Manchester United Before Summer Transfer Window!
It appears that the Glazer family, owners of Manchester United, are targeting a sale of the football club before the transfer window opens in June.
Their initial aim was to complete a deal within the first quarter of the year or by the end of April, but that seems unlikely now. It is believed that a sale before the transfer window opens in June is now a more realistic timeframe if the Glazers receive an acceptable offer. The Americans want at least £5 billion to sell, but it is thought that initial offers from Sheikh Jassim bin Hamad Al Thani and Jim Ratcliffe fall short of that valuation.
Based on the information you have provided, officials from the American hedge fund Elliott Management are understood to have met with counterparts from Raine, the merchant bank running the Manchester United sale process, and the Glazers’ financial advisers Rothschild in Manchester.
It is also reported that representatives from Elliott were at Old Trafford on Thursday night to watch United beat Real Betis 4-1 in the Europa League. However, it is not clear what discussions took place during the meetings or whether Elliott is considering making a bid for Manchester United.
Thank you for providing more information. It seems that the meeting between officials from Elliott Management, Raine, and Rothschild marked the start of the second stage of the Manchester United sale process. Sheikh Jassim’s team and Ratcliffe’s Ineos Group are also due to attend detailed presentations at Old Trafford next week.
According to sources with knowledge of the process, there are at least four parties interested in buying the club, although only Sheikh Jassim and Ratcliffe have made their bids public. The Glazers, who have faced protests and fan fury during their 18-year ownership of Manchester United, are reportedly “determined sellers” at the right price.
Bidders will be given access to more detailed financial information and the opportunity to inspect Old Trafford and the club’s Carrington training base, both of which require substantial investment. It is worth noting that while Elliott is not looking to buy the club like Sheikh Jassim or Ratcliffe, the firm is prepared to help finance a takeover.
It is expected that TeamViewer will remain as Manchester United’s shirt sponsor next season, despite the club’s announcement in December that they were looking for a new sponsor to replace the German technology company. The announcement had come after the club agreed to end their
£235 million partnership with TeamViewer, which was originally set to run until 2026.
However, given the small window of opportunity to secure a new sponsor, it is not surprising that United has decided to continue their partnership with TeamViewer for another season. It remains to be seen whether the club will pursue a new sponsor after the upcoming season or continue their partnership with TeamViewer.