Sky Sports reporter Kaveh Solhekol gives recent update on takeover process report of English club Manchester United.
According to The Times, Red Devils poor performance this campaign was taking a negative impact of takeover process. The bidders are happy to match Glazer’s asking price of more than £5 billion.
Times claims that discussion is currently taking place between buyers and the Raine Group, a Newyork based firm acting for the Glazer family. British billionaire Sir Jim Ratcliffe and Qatari Group fronted by Sheikh Jasim remains two potential buyers, but there bid haven’t met Glazer’s asking price.
However, reporter Solhekol stated positive reports about the takeover as United’s poor start this campaign didn’t affect their interest. He said :-
“There is some good news this afternoon for Manchester United supporters who want the Glazers to sell the club.
“Sheikh Jassim of Qatar and Jim Ratcliffe, the British industrialist, both still want to buy United despite this sale process dragging on for ten months and despite problems at Manchester United on and off the pitch.
“They’ve both made bids which value United at around £5billion. The Glazers at the moment are saying that’s not enough. They want higher offers.
“But one source is telling us this afternoon the longer they demand more money, the more the very asset they’re trying to sell is being devalue.
“Of course the Glazers announced in November last year that they may sell United. Club chief executive Richard Arnold told staff on Monday that the process is still ongoing.
“It’s our information that as far as the two bidders are concerned, what is happening is on the pitch – United having lost three of their opening five Premier League games of the season.”
For further sports updates, follow us on Twitter.
