Monday, November 25, 2024

BREAKING! Manchester United Sale Enters Stage Two (Details)

by SportsWriter
0 comments

Manchester United Bidders have all been asked to visit Old Trafford for meetings over the next few days, MySportDab reports. 

There are only few bidders that have now made it through to the second stage of the sale process, as the Raine oversees negotiations.

Sheikh Jassim bin Hamad Al Thani, and Sir Jim Ratcliffe both want to buy the club but have now been asked to visit Manchester.

A third bidder was also asked asked to attend.

Despite the development, fans are unhappy about United’s lack of access to funds.

At the first stage, people showed only an interest to buy the club, in exchange for signing confidentiality agreements.

However, the bidders have not received a comprehensive view of United’s accounts.

An independent assessment of Old Trafford to redevelop United’s iconic home, along with reports on the club’s Carrington training ground.

Old Trafford revamp is now estimated to cost around £1bn and £2bn and United board members chief financial officer Cliff Baty and chief executive Richard Arnold, will attend the meetings.

It remains unknown if any member of the Glazer family will attend the meeting.

The bids so far have not thought met the Glazers’ valuation of the club at £6bn mark.

Raine also received bids for investment in return for a partial stake.

More to follow….

Receive live sports updates!

We don’t spam! Read our privacy policy for more info.

Receive live sports updates!

We don’t spam! Read our privacy policy for more info.

Share Now:

You may also like

About Us

MySportDab logo

MySportDab Sports

Feature Posts

Newsletter

Adblock Detected

Please support us by disabling your AdBlocker extension and you can access our website.