According to The Times, the Manchester United takeover is likely to experience a delay of several months due to the lengthy approval process involved.
The club’s owners, the Glazers, announced their decision to sell the club in November of the previous year. However, they have not yet selected their preferred buyer between Sheikh Jassim and Sir Jim Ratcliffe.
Reports had emerged suggesting that Sheikh Jassim was in negotiations to secure exclusivity for the takeover on Thursday. However, The Times refutes these claims, stating that there is no truth to the story.
The article indicates that the approval process for the Man United takeover is expected to take a significant amount of time before any final decision is reached.
Shiekh Jassim is considered the frontrunner to purchase United in a deal worth £6 billion. However, the approval process for the takeover is anticipated to take approximately eight to 12 weeks, meaning a new owner will not be in place before the start of the upcoming league season.
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The delay in the takeover is not expected to hinder United’s summer transfer activities, as the club’s technical staff are still free to pursue new signings.
The Glazers have extended the takeover saga, and they have not yet made a final decision regarding the future of the club.
This situation has caused frustration among Man United fans, as they are eager for the Glazers to step aside in order to facilitate greater investment in the club.
While the potential takeover may not directly impact the club’s transfer plans for this summer, it could lead to increased funds for improving the club’s infrastructure.
Immediate investment is needed for Old Trafford, the team’s stadium, as well as the training ground. The estimated cost for modernizing the stadium alone is around £2 billion.
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In the long run, the club is expected to benefit from the takeover in terms of transfer deals. With new ownership, more funds should become available for manager Erik Ten Hag to spend on player signings.
One notable aspect is that the current owners, the Glazers, have not used their personal finances to make any new signings for the club.
However, a change in ownership could potentially bring about a shift in this approach, leading to increased investment in the squad.
