The Glazer family are willing to postpone the date for the sale of Manchester United till the end of May after prospective buyers fell short of their lofty 5 billion pounds valuation.
The Glazers have received a number of proposals from potential buyers since announcing in November that they were putting the club up for sale.
These proposals were received before last month’s informal deadline for offers.
However, despite multiple parties making genuine offers for the club, including INEOS chairman Sir Jim Ratcliffe and Sheikh Jassim bin Hamad Al Thani, no one has come close to satisfying the family’s conditions.
As previously stated, the Glazers planned to come to terms by the end of April or before the end of the first quarter of the year.
When Is The Deadline For The Takeover?
The Glazers are reportedly ready to push back their initial deadline until June in order to request a premium price from parties interested in buying the club, according to a new report from The Mirror
It is believed that at least four separate parties are still interested in buying the Premier League club from their infamous American owners, despite the fact that Ratcliffe and Al Thani have made their proposals public.
Despite having different offers, Ratcliffe and Al Thani are both slated to be at Old Trafford in the coming weeks for additional meetings.
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Elliott Management representatives were present at the stadium for the victory over Real Betis on Thursday night in the Europa League. The Management has also advanced to the next phase level.
The US hedge fund confirmed they are not interested in buying the club completely despite being invited for further dialogue. They are instead offering financial backing to all parties in the process.
This has led to fears from fans and Gary Neville that the Glazers may decide to stay on after all with Elliott’s financial support.
The Glazer family are still “determined sellers,” according to the source, but only for the stipulated price.
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