For Manchester United, a first bid of $5 billion is likely on Friday, according to Bloomberg. A deal for the Red Devils is now being finalised by a group of Qatari investors. It includes the former prime minister, Hamad bin Jassim bin Jaber Al Thani. Jim Ratcliffe, a British business executive. Who declared his interest in purchasing the Premier League team in January, is also anticipated to make an offer.
As the competition to buy the Red Devils heats up. It also set US and Saudi Arabian investors to participate in the bidding. By Friday at 10 p.m., the Raine Group, which is in charge of the sale, must receive initial bids.
Majed Al Khelaifi, the head editor of the Doha Arabic. He suggested a move for United in a tweet that included the club’s logo and the phrase “Man United is Qatari.” Also Read: Luka Modric set to renew his contract at Real Madrid?
What are the Bidders Control in this deal?
They predict the bids to fall into three categories, according to the Mail Online.
The Glazers are asking for about £6 billion to sell United completely. Thus, the first group of offers is for full control of the team. Despite the widespread belief that they favour that outcome, anything could change depending on the proposals they get.
The second group of bidders will be seeking to acquire a portion of the club. Assuming minority ownership and pouring capital into it to assist with costs.
The third group will then provide investment and business opportunities, of which the Manchester United already has a large number.
It is feasible for people in the second and third groups to unite. And create a consortium that can raise the funds necessary to get into the first group. Also Read: PSG Fallout: Messi, Neymar set to leave the club, Mbappe main reason for the fallout?
Who are the potential bidders of Manchester United?
As of this writing, only British billionaire Sir Jim Ratcliffe and his Ineos business have officially entered the bidding process. As they stated to the PA news agency last month: “We have formally put ourselves into the process.”
So, is the businessman from Manchester and United supporter on the winning side? Not exactly.
They claim that a group led by Hamad bin Jassim bin Jaber Al Thani. A former prime minister of Qatar and president of the Qatar Investment Authority. They are prepared to make a serious bid for United. And given the wealth of the Gulf State, they are convinced they can outbid everyone else.
There are likely to be five bidders in the initial group that are interested in purchasing the club as a whole. In the second and third groups, there will then be numerous bidders.
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