Sky Sports News journalist Kaveh Solhekol has revealed that the bidders for Manchester United will not “pay crazy money” in any possible takeover.
What’s the latest on the Man Utd takeover?
With the Glazers potentially ready to sell the club for good, two official bids have already been tabled and are now under consideration by the current owners.
Indeed, Qatari-linked Sheikh Jassim bin Hamad Al Thani and British billionaire Sir Jim Ratcliffe are both in the running to take over as majority owners.
However, the Glazers have also been offered possible financing as well by US hedge fund Elliott Investment Management in case they don’t want to fully sell the club.
With that being the case, the owners have options and may feel as though they can start a bidding war for their asset. However, Solhekol has claimed that any bidders will not overpay for Manchester United.
While talking on Sky Sports News, he explained: “What we’re being told is that the bidders for United are not going to pay crazy money for the club.
“They won’t dance to the Glazers’ tune. They have a valuation of what they believe Manchester United is worth and they won’t pay more than that.”
What does the latest takeover news mean for Man Utd?
If it really comes down to money for the Glazers – which you suspect it will do – then it looks as though the Qatari bid could be the most likely offer to be accepted.
After all, they believe their proposal, which will wipe out all the club’s debts, is the best offer on the table in terms of price as well as a commitment to on and off-the-pitch development.
Sir Jim Ratcliffe’s proposal for 69% of United, however, doesn’t elaborate on the infrastructure of the deal and so it remains unclear as to how enticing that might be for the Glazers who would have to leave the club entirely if they were to accept the current terms.
There have been reports that the owners want as much as £8bn for their asset – which is double the world record paid for a sports franchise, set when NFL franchise Denver Broncos were bought for £4bn.
By the sounds of it though, no bidder will pay quite as much as that and so it will be interesting to see if any compromises can be reached in the near future.
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