After 18 years of ownership, the Glazer family have finally accepted a £6 billion offer from Sheikh Jassim in a move to end their reign at Manchester United. The bid, which was considered the most likely to be accepted, is set to be completed by mid-October.
However, the takeover has raised some concerns, such as clarity regarding the process and the impact on United’s transfer plans. With the Glazers’ reluctance to sell now seemingly over, the future of the club is now in the hands of Sheikh Jassim.
Key Takeaways
– The Glazers have decided to sell Manchester United to Sheikh Jassim amid fear of a fan backlash.
– Sheikh Jassim’s bid, which is for 100% of the club, was considered the most likely to be accepted.
– Sheikh Jassim has won the race to take over Man Utd, defeating competition from Sir Jim Ratcliffe.
– The sale of Manchester United may come down to who offers the Glazers more money.
Glazers’ Strategic Review
The Glazers initiated a strategic review in November to explore the possibility of selling Manchester United to Sheikh Jassim. Offers for the club were received from both Sheikh Jassim and Sir Jim Ratcliffe.
Sheikh Jassim’s bid, which was for 100% of the club, was ultimately accepted due to fears of a potential fan backlash should the Glazers decide to keep a stake in the club. The successful bid is set to be completed by mid-October, ending the Glazer family’s 18-year reign.
Sheikh Jassim’s victory in the takeover race is likely to be welcomed by United fans, who have long been unhappy with the Glazers’ ownership of the club.
Sheikh Jassim’s Victory
Sheikh Jassim has emerged victorious in the race to acquire the premier league club, Manchester United. He has fought off competition from Sir Jim Ratcliffe and is set to complete the £6 billion takeover by mid-October.
The Glazers had initiated a strategic review in November to explore the possibility of selling and Sheikh Jassim’s bid was accepted. The Glazers were warned of a fan backlash and had to give up on their plans to retain a stake in the club.
A date for the announcement of the takeover is expected soon and United fans can look forward to the end of the Glazers’ 18-year reign. Sheikh Jassim’s team is currently completing the necessary due diligence before the completion of the deal.
Glazer Family’s Reluctance to Sell
Leading bidders believe the Glazer family is unwilling to part ways with the premier league club. The sale of Manchester United may come down to who offers the Glazers more money. Reports suggest the Glazers have a plan in place not to sell the club, which could be a hindrance to the completion of the takeover deal.
Speculation suggests the sale of Manchester United could be only weeks away, but the Glazers’ reluctance to sell could delay the process. Fans are anxious for the takeover to be finalized to give United a fresh start, but the Glazers’ reluctance could have a negative impact on the club’s transfer plans.
It is yet to be seen how the Glazer family will respond to Sheikh Jassim’s bid, but time will tell if they are willing to part with the club.
Impact on Manchester United’s Transfer Plans
Manchester United manager Erik ten Hag is looking to strengthen the squad with the signing of a midfielder, a back-up goalkeeper, and a centre-back. However, the ongoing takeover process may affect their transfer plans.
Harry Maguire’s potential move away from the club could be at risk if the Glazer family withholds the sale of the club. Former Liverpool and Chelsea defender Glen Johnson believes that Maguire should have moved to West Ham. However, Maguire appears to lack confidence in his abilities and may be hesitant about the move.
The Glazers’ reluctance to sell risks the completion of the takeover, and this could have an adverse effect on United’s transfer plans. Whatever the outcome of the Glazers’ decision, it looks like it will have a significant impact on Manchester United’s transfer plans.
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