News
The Manchester United sale has been “paused” with Glazers “disappointed”
The Manchester United sale process has been “paused” after the Glazer family were left disappointed with the offers on display.
This is according to i News Sport, who claim that the process of Manchester United‘s sale is no longer active, with the two current bidders being left in the dark.
Erik ten Hag‘s club has received two majority bids from Qatari businessman Shiekh Jassim and British billionaire Sir Jim Ratcliffe, with the Shiekh’s fifth and latest bid deemed to be the highest overall at around £4.7 billion.
According to the report, as far as at least one of the two main bidders are concerned, the bidding process has been “paused”.
“We’ve not been given any guidance at all on what comes next,” a source told the paper.
“There haven’t been requests to modify the offers or come up with a new round of bids as there was earlier in the process, there’s just been no communication whatsoever of late.”
it is said that at least one of the people close to the process suspects that Avram and Joel Glazer, club majority owners, have been “disappointed” with the size of the offers for the club.
Further to this, the Glazers feel that new TV deals being negotiated, the growth of football in the US, and the new Champions League format will all add value to the club in the coming years.
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