When the rumours spread that Manchester United were suddenly for sale, the footballing world was buzzing. It’s not often that one of the most popular clubs in the world is about to change its owner, and when the rumours turned out to be true, the media frenzy was at its peak. And soon enough, the bidding war started, just as the owners, the Glazer family, wanted. But, the final result was not as they hoped for, and suddenly, they are nowhere to be seen. And according to Daily Mail, the potential owners are frustrated as nobody called them in the last 14 days.🚨💰| 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.[@MikeKeegan_DM] #MUFC pic.twitter.com/rGAsOh9XFG— UtdActive (@UtdActive) April 10, 2023 When the second offer to buy the club, which has been in Glazers’ ownership since 2005, came on March 23rd, British billionaire Sir Jim Ratcliffe’s group and Qatari Sheikh Jassim bin Hamad al-Thani were the bidders, with a sum of around 5 billion pounds mentioned. The trouble is, the Glazers want 6 billion and were reportedly keen to get that sum and not less. And interesting parties were expected to be contacted by the owners, or the Raine Group, which is handling the offers on behalf of the Glazers, but no contact has been made in two weeks. Time is of the essence here, because even if one bid is accepted, the takeover will take time due to the administrative tasks, which are bound to be done first. On top of that, the potential new owner will have to get to know the club, top executives, and coach and decide if he needs some changes. And the timeline is even more critical when it comes to the June transfer window, and no current bidder wants to wait until the last minute and get behind in the transfer race.Finnish businessman wants to buy the Red Devils and ‘share the wheel’ with the fansThe silence of the owners could also mean that they are not satisfied with the bids. But, their plan to get the full 6 billion was always a tough one. According to football finance expert Kieran Maguire, second quarter results – which reported the club banked a profit of just 6.3 million and carry debt of 741 million – show ‘the numbers simply do not stack up’.“When you look at cash generated by the business it is nowhere near 6 billion. Last August, the market valued United at around 2 billion. Potentially it is now worth double, but any more and you really should be crossing your fingers. Coming up with a valuation is more art than science” said Maguire. The new owners would need between one and two billion to either redevelop Old Trafford or build a new stadium and carry out upgrades to their training grounds. So, 6 billion is too much, but the potential owners don’t know anything yet. Because nobody is calling them for the last two weeks.##NAJAVA_MECA_7162581##
