Manchester United’s sale process will enter a third round of bidding this evening, with the deadline reportedly set for 10pm BST.
Reports circulated last week regarding a potential link-up between Ratcliffe and chairmen Joel and Avram Glazer, which sparked anger among fans at the prospect of the current owners staying at the club.
However, Ben Jacobs has assured that the Englishman’s stance heading into the third round remains for control of United. Ratcliffe does not want the two Glazer brothers to have voting power with Class B shares.
Sir Jim Ratcliffe’s Manchester United offer is for control. That part is non-negotiable. This means he won’t entertain Joel and Avram Glazer retaining shares with Class B voting power. pic.twitter.com/BfRY7x1lCc
— Ben Jacobs (@JacobsBen) April 28, 2023
Should he be successful in the bidding war, there would be a new structure in place that sees the Americans become minority holders.
Qatar readying third bid
Sheikh Jassim bin Hamad Al Thani is also preparing a third and final offer for a full takeover of the club, though it’s currently unconfirmed how his bid will improve from the last one.
The asking price set by the Glazers is believed to be in the region of $7 billion.
Am told Qatar will significantly improve on second offer for United. Whether it meets $7bn Glazer valuation is the big question.
— Miguel Delaney (@MiguelDelaney) April 28, 2023