Man United bidders are becoming frustrated over a lack of updates on their potential takeovers more than TWO WEEKS after filing second bids… with fears they might not be in charge in time to oversee the summer window
- Man Utd bidders are frustrated over a lack of updates on potential takeovers
- Two weeks have passed since prospective new owners entered second bids
- Fears that a sale will not be in place to allow funds in place for next year
Those in the hunt for Manchester United are becoming increasingly frustrated – having not received an update since filing second bids more than two weeks ago.
There are also growing concerns that, with the clock ticking, should the Glazer family accept an offer for full control any chosen buyer may not be in place in time to oversee the summer transfer window.
Second offers were lodged on March 23 by British billionaire Sir Jim Ratcliffe’s group and a day later by Qatari Sheikh Jassim bin Hamad al-Thani.
Both parties had been given extended deadlines to place their bids after struggling in what was a short timeframe instigated by Raine Group, the US merchant bankers in charge of the process.
At one stage, with time thought to be of the essence, those involved expected to hear back in around seven days’ time. But that has not happened, and Sportsmail understands that the situation has caused frustration and even annoyance in some quarters.
Bidders for Manchester United have become frustrated with a lack of response from the club
British billionaire Sir Jim Ratcliffe (left) and his group submitted their second bid on March 23, while the group of Qatari Sheikh Jassim (right) entered their secondary offer one day later
Some feel the delay is down to the Glazer family owners examining ways to drive the price up
Sheikh Jassim has already announced his intention, should his offer be successful, to invest heavily. Significant funds are likely to be made available to manager Erik ten Hag as he seeks to reshape his squad.
It remains to be seen what the next move from the Glazers will be. The bids are thought to have been in the region of £5bn, with the Americans reported to be seeking £6bn.
At this stage they can enter into exclusivity with one group or call for a third…