Man Utd will be ‘taken off market’ by Glazers after dramatic takeover U-turn

Manchester United will reportedly be taken off the market by the Glazers after they allegedly decided they no longer want to sell the club this summer. It’s thought the Americans have performed the U-turn because they’ve been unable to land their desired asking price, although that theory is now likely to be scrutinised by the club’s disgruntled supporters.

There had been optimism that the Glazers were finally prepared to sell up earlier in the year when they received a number of lucrative proposals from Sheikh Jassim and Sir Jim Ratcliffe’s INEOS.

Jassim has made up to five bids for United and his most recent proposal was believed to be worth just shy of £5bn.

The Glazers were looking for around £6bn in order to agree to a sale while INEOS’ highest offer was also worth up to £5bn but would enable United’s current owners to remain on board for the time being.

The proposal included put-and-call options which would have meant the Glazers had to sell their shares by 2026.

A decision has loomed large for many months and the Glazers have refused to commit to a sale – sparking fears the takeover process could collapse.

According to The Mail, supporters’ worst fears have now been realised as the Glazers are set to take United off the market.

One source to The Mail: “The Glazers are thick-skinned and won’t be influenced by any negative fan reactions.”

It’s claimed the American billionaires would instead look to sell United in 2025 when the club’s value could soar to new heights.

Don’t miss…
Man Utd trio set to make life difficult for Mason Mount and Sofyan Amrabat[LATEST]
Man Utd could’ve saved millions as Schmeichel’s deal ripped up on deadline day[LATEST]
Man Utd make plans clear for Greenwood in statement after controversial transfer[LATEST]

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

The current owners have backed Erik ten Hag with a significant transfer budget this summer that enabled the Dutchman to bring in three signings – including three on deadline day.

United splashed £179m on Mason Mount, Andre Onana and Rasmus Hojlund before a late sprint to the finish.

Then goalkeeper Altay Bayindir arrived from Fenerbahce while Sofyan Amrabat and Sergio Reguilon also arrived on loan.

But still supporters remain angry with the constraints of the Glazers’ ownership and they are determined to drive the Americans out of the club.

Fans held a sit-in protest at Old Trafford last week as they continue to up the pressure on the Glazers, who continue to ignore their advances.

There had been advances many months ago that the Qatari bid was about to be accepted but so far, negotiations have failed to bear fruit.

It now looks as though the entire process could be scrapped and many will feel as though the Glazers were simply testing the waters to determine the value of United.

Source: Read Full Article