Man Utd sale in limbo as Ineos and Qatar bids fall short of Glazers' valuation
Doubts over the full sale of Manchester United have grown as the current bids are not deemed valuable enough to compel the Glazers to sell the club.
Two bidders have gone public with their bids to buy Man United – British billionaire Sir Jim Ratcliffe and QIB Chairman Sheikh Jassim bin Hamad al-Thani.
According to the Financial Times, the proposal made by either party does not meet the valuations at which the Glazers want to sell the club.
The report also states that the American owners are not ready to sanction the sale. The bidders must increase their offers to convince the Glazers to relinquish the club.
The current value of Man United (by market capitalisation) is $3.8 billion, but the Glazers want at least $6bn to sell their shareholding.
The bids made by Ratcliffe and Sheikh Jassim are reportedly around $4.5bn.
The Glazers may end up staying by fetching minority investments
The official statement from the club back in November stated that the owners are ready for a partial or full sale.
Getting minority investments at suitable valuations will help them to raise capital and keep hold of the club.
If they decide to go down that route, the United faithful will be infuriated as they are desperate to see the Glazers leave the club.
The fans have held several protests against the American owners over the last few years.
They chant anti-Glazers slogans every time the team scores to remind them that they want the change to happen quickly.
It was expected that the sale of Man United may trigger a bidding war between the prospective owners, but that is yet to happen.
This has forced the full takeover to hit the rocks, at least for now.
Liverpool’s owners Fenway Sports Group (FSG) recently performed a major U-turn on the sale of the Merseyside club.
The fans fear that the Glazers might decide to keep hold of their decisive seat at the helm.
The post Man Utd sale in limbo as Ineos and Qatar bids fall short of Glazers' valuation appeared first on Man Utd News.