Any takeover of Manchester United looks set to be delayed until May as the Glazer family are reportedly holding out for a £6 billion ($7.2bn) offer.
WHAT HAPPENED? That’s according to the latest information from The Guardian, who note that the two bids lodged by Sheikh Jassim bin Hamad al-Thani and Sir Jim Ratcliffe on 17 February were valued somewhere at a maximum of £4.5bn ($5.4bn). It is thought that there is still indecision among the Glazer family over the nature of the eventual sale, with each of the six siblings having their own views on an exit strategy.
THE BIGGER PICTURE: Nevertheless, it is reported that a bid closer to £6bn would be enough to satisfy all Glazers, who could even accept an offer placed somewhere between that and the £4.5bn bids already lodged. In any case, this indecision has put paid to the family’s desire to have any takeover completed by the end of March, with The Guardian reporting that an end-of-season sale is now the most likely eventuality.
