The Sunday Mail
THE Glazer family have “pushed the deadline for a potential sale of Manchester United back until the start of the transfer window in June”.
United’s owners initially sought to complete a sale before the end of April.
However, as reported by “The Telegraph”, if the Glazers are to cash in on the club, then June is considered to be a more realistic time frame.
The Glazers want at least £6 billion if they are to sell the club, but the current offers from Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe fall short of that valuation.
On Thursday, officials from Elliot Management met with Raine, the merchant bank running the process. Rothschild, the Glazers’ financial advisers, were also in attendance.
In addition, representatives from Elliot watched United’s win over Real Betis in the Europa League on Thursday at Old Trafford.
This week, Sheikh Jassim’s bid and Ratcliffe’s Ineos Group will attend detailed presentations at Old Trafford.
Although only the two aforementioned parties have gone public with their bids so far, there are at least two other parties who are interested in buying United.
Elliott are not planning to buy the club but are willing to help finance a takeover from an interested party.
However, former United defender Gary Neville fears the Glazers are using Elliot to stay in control and push the price of a sale up.
Responding to a tweet by Sky Sports News’ chief reporter Kaveh Solhekol, Neville said: “Nope! This looks like it’s a Joel and Avi Glazer play to either stay in control or force the other bidders up. Go on their website. They aren’t an owner of Manchester United!” — dailymaul.co.uk
