Those handling the Manchester United investment and sale process will reportedly ask for a further round of bids.
That is according to an exclusive report from Sportico, though we’re unsure of the exact reliability of the update.
Still, given how much the takeover speculation has died down in recent weeks, it does seem likely that the Raine Group will ask bidders to revise their offers again.
Sportico suggests that there are as many as seven investment parties in the mix that have all been contacted by the Raine Group regarding their initial bids.
Reports previously detailed that the two notable bidders, Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe, submitted offers of around £5 billion in the second round, though the Glazer family still value the club at £6 billion.
Investors and supporters are now fielding concerns that should a deal even be agreed upon, it may not happen in time for the new owners to have an impact in the summer transfer window – a period when financial backing will be crucial to Erik ten Hag’s squad.
Takeover latest
Mike Keegan of the Daily Mail tweeted last night that “Movement is expected over coming days”.
Story will update shortly. Movement is expected over coming days. https://t.co/8sWksdmWol
— Mike Keegan (@MikeKeegan_DM) April 10, 2023
Ben Jacobs has since shared his understanding on the matter, which aligns with Sportico’s report.
🚨 There will be a third round of bidding in the #MUFC sale process. Groups have until the end of April to make next offers. Can confirm Sheikh Jassim and Sir Jim Ratcliffe are both through. pic.twitter.com/xE3RBZ2gXX
— Ben Jacobs (@JacobsBen) April 11, 2023
