According to the Telegraph, the Glazers are still interested in selling Manchester United if their $5 billion asking price is reached before summer.
Next week, the bidders will be expected to make their formal presentations at Old Trafford. They will be discussing how earnings might grow if £1 billion in infrastructure improvements are made.
Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe are both interested in taking full control of the club. Nevertheless, whoever ends up purchasing United may have to worry about paying for a brand-new stadium and training facility.
They might lose 1-2 billion dollars in this process. But it’s known that Sheikh Jassim and Ratcliffe won’t be having an issue with this sum. The value of each bidder’s offer has not been released, but it is expected that they will need to increase it to persuade the Glazers to sell. The second stage of the takeover is about to start, and the bidders will be able to see the club’s financial data.
Talks will remain private because they have already signed nondisclosure agreements. What happens after that will depend on the presentation at Old Trafford and the Carrington facility next week.
Yet, it is unlikely that the two buyers will overpay for United. They could still increase their first offers. There could also need to be a compromise with the Glazers. They won’t be in a rush to part with one of football’s most valued possessions.
Old Trafford needs reconstruction, and potential new owners can quickly win over the supporters by making improvements to the stadium. It is a lot to ask for, but spending £1-2 billion on such a project is not unreasonable.
United should have a top-notch infrastructure, but it might take a full takeover before significant changes can be made.
