The Glazers are said to have chosen their preferred bidder for the Manchester United purchase.
The two leading candidates to take over the Premier League giants are British billionaire Sir Jim Ratcliffe and Qatari financier Sheikh Jassim bin Hamad al-Thani.
The Glazers put the club up for sale more than six months ago, and three rounds of bidding have already taken place.
However, the process has allegedly progressed significantly, and the American owners are anticipated to confirm the winning bid within days.
Ratcliffe is the Glazers’ favorite bidder, according to The Sun. If the INEOS group is successful in its takeover, co-chairmen Joel and Avram Glazer will remain at the club.
The rest of United’s senior hierarchy, including CEO Richard Arnold, are anticipated to depart under their ownership.
As previously reported, two members of the Glazer family, Joel and Avram, do not wish to sell their interests and will stay part of United’s ownership group.
The other four Glazer brothers are cashing in, which is unlikely to appease United fans who have consistently yelled ‘We want Glazers out!’ at games and will be dismayed to learn that Joel and Avram will remain.
But that is believed to have been a deal-clincher for Ratcliffe’s bid and his offer of majority control was favoured over Sheikh Jassim’s full buyout.
Read Also:Jude Bellingham Accepts Real Madrid Contract Offer In Huge Blow To Premier League Clubs
Although the Qatari bid was worth more than Ratcliffe’s, coming in at around £5billion, the Ineos proposal valued the club at closer to £6bn – though they will only be buying 50% of the club now.
There have been suggestions that Ratcliffe will eventually look to buyout the final two Glazer siblings at a later date, and the current proposal allows more funds.
COMMENTS