Reports suggest both Sir Jim Ratcliffe and Sheikh Jassim remain firmly interested in United takeover

All parties that submitted bids for the takeover of Manchester United are awaiting further updates from the Raine Group. 

The deadline was almost two weeks ago and there have been few updates since that hectic week, in which it was confirmed that Sheikh Jassim and Sir Jim Ratcliffe both tabled their bids for the club.

An American hedge fund, Elliott Management, is also in the mix, though they would work with Joel and Avram Glazer to help provide financial backing and funding to the current owners.

The latest in the bidding process

Latest reports from The Guardian have suggested that the initial offers, which were lodged at a maximum of £4.5 billion, fall short of the Glazers’ valuation of £6 billion.

However, Sky Sports reporter Kaveh Solhekol has confirmed today that both Jassim and Ratcliffe are still determined to buy United.


He also tweeted yesterday that the club’s share price is down by almost 10% due to the ongoing speculation that the American owners may not actually part ways with the Red Devils.