Manchester United’s Owners’ and Directors’ Test has undergone certain revisions as a result of a meeting held today by the Premier League.
The decision was reached unanimously, according to Sky Sports reporter Kaveh Solhekol. The possible takeover of United is expected to be far more transparent.
The test will get more challenging in the future, and it is obvious that the other teams do not want a replay of the Newcastle United acquisition. Sir Jim Ratcliffe, Sheikh Jassim Bin Hamad Al Thani, and Thomas Zilliacus have all been contacted by the Glazers on their desire to sell United.
In the competitive bidding procedure, the Qataris have been predicted to win. Yet because of the upcoming test, everything might change.
He wants to purchase the Red Devils through his Nine Two Foundation. He is also the chairman of the Qatar Islamic Bank. The country of Qatar was accused of violating the human rights of the stadium construction workers while it was hosting the World Cup the previous year.
It is unclear if this will, however, have an impact on Sheikh Jassim’s ability to pass the Owners’ and Directors’ Test. The approval of the Newcastle deal left a lot of Premier League clubs angry. Also, the Premier League was cautioned against approving the arrangement by human rights organisations.
Nevertheless, the Saudi Arabian Public Investment Fund was permitted to complete the acquisition of the Magpies. Competitors of the Red Devils are wary of a second takeover supported by the Middle East since they have begun spending lavishly.
The clubs may have changed the test in response to a potential United takeover, but this is uncertain. Regarding the Qataris’ chances of winning their proposal, alot of things may change.
