The Raine Group have set a new deadline of Wednesday evening for second bids to be submitted for Manchester United.
According to Kaveh Solhekol of Sky Sports, there could be more than five bids by the deadline.
More than 5 bids will be made for Man United before Wednesday evening's deadline for second offers. There could be as many as 8. Glazer family will sell but only for the right price. If they don't get the asking price, they'll raise capital to invest in the club and pay down debt
— Kaveh Solhekol (@SkyKaveh) March 21, 2023
Unfortunately for United fans, the update also suggests that the Glazer family staying as owners cannot be ruled out at present. If the offers fail to meet their valuation (upwards of £5 billion) they could raise capital to invest in the club and pay off the existing debt, as well as put the necessary funding into revamping Old Trafford and Carrington training ground.
Have been told not to discount Glazers keeping control of United by agreeing minority deal. With team performance improving and new strategy in place there is a real upside in the business plan. Selling United will not be easy decision. Club will only be sold for the right price.
— Kaveh Solhekol (@SkyKaveh) March 20, 2023
More bidders to attend Old Trafford meetings
Sir Jim Ratcliffe personally attended his face-to-face meeting with the Red Devils’ hierarchy last week, whilst Sheikh Jassim bin Hamad Al Thani sent his delegation over to Old Trafford. There is currently no favourite out of the interested parties to buy United, and more bidders are expected to attend meetings next week.
