Man Utd takeover looks bleak as Glazer actions cause ‘real concern’
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Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe are becoming increasingly concerned that the Glazer family won’t sell Manchester United, according to reports. Nine months since United’s owners announced a strategic review, there is no light at the end of the tunnel.
According to the Manchester Evening News, Sheikh Jassim continues to await a response to his fifth bid to complete a full takeover at Old Trafford, submitted back in May.
The offer, worth upwards of £5billion, remains on the table, but there is now ‘real concern’ that the Glazers will refuse to relinquish control at United.
The report adds that figures connected to the Raine Group, the US investment firm tasked with overseeing a sale, believe they have been asked to complete a deal for something that isn’t on the market.
And there is said to be vast surprise about the lack of communication since the sale process began in November 2022.
Those involved in the saga have grown tired as a split between the Glazer siblings continues to fuel the indecisiveness.
Joel and Avram Glazer – United co-chairmen – are claimed to have shown reluctance to walk away from the club they have controlled since 2005.
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Meanwhile, Bryan, Edward, Kevin and Darcie – United board members – are reportedly ready to cash in.
United chief operating officer Collette Roche recently spoke to The Athletic and touched on the ongoing frustrations over the club’s sale.
Roche, and hundreds of United staff, are as in the dark about a potential takeover as the club’s worldwide fanbase.
She said: “I’d love to say I did [know], but I genuinely don’t know how long it will take.
“I do know it’s complex. I know it’s ongoing, and, probably like our fans, all of the staff are waiting to hear what the answer is.
“The fact that we’re listed [on the New York Stock Exchange] means that we can’t be told either because of the share price sensitivity. So we just need to hold out. Wait. Be patient.”
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United fans protested against the Glazer ownership in numbers ahead of Monday’s Premier League win over Wolves at Old Trafford.
But Roche admits that fan uproar didn’t lead to the Glazers’ strategic review.
“I wouldn’t say the protests pushed the strategic review. I think the strategic review was always inevitable — linked to the investment need, rather than the fans protesting outside on the forecourt,” Roche added.
“We’ve just got to be empathetic and understand everybody is emotional about football… If people don’t care, then we’d be more worried.
“That’s why we’ve just got to appreciate and understand different viewpoints and make sure we keep this place safe.”
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