Manchester United’s bidding process will enter the next stage over the next two weeks.
According to The Athletic, those parties who have reached the next stage of the process will meet for face-to-face meetings with the United hierarchy in London and Manchester.
The two most notable bidders, Sir Jim Ratcliffe and Sheikh Jassim Bin Hamad Al Thani, will have a deep look into the financial aspects of the club, including player contracts, transfers, bonuses, stadium costs, partnership deals etc.
Laurie Pinto provides insight into bidding process
Laurie Pinto, veteran football-business dealmaker of Pinto capital, has provided an insight into the situation.
He has reported that the Raine Group have asked both Ratcliffe and Sheikh Jassim to raise their bids, as well as seeking a third bidder to raise the stakes and create competition.
Pinto has also confirmed that neither bid has met the Glazers’ valuation of £6 billion. The Englishman’s offer is currently in the region of £4.3 billion, whilst Sheikh Jassim is leading the mix with his bid of £4.5 billion.