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Friday, June 14, 2024

Man United Bids Reportedly Fall Short of Glazers’ Asking Price

  • The Glazer family is reportedly looking for $7.4 billion to sell the club.
  • Qatar's Sheikh ­Jassim bin Hamad Al Thani, British billionaire Jim Ratcliffe, and Finnish entrepreneur Thomas Zilliacus are the public finalists
A view of Manchester United stadium, Old Trafford
Manchester United

The new bids to buy Manchester United are in — and they’re reportedly lower than the Glazer family’s asking price.

Although Man United’s current owners want approximately $7.4 billion, it doesn’t preclude an eventual sale.

Both Qatar’s Sheikh ­Jassim bin Hamad Al Thani and British billionaire Jim Ratcliffe — the initial two public finalists to buy the storied club — increased their offerings from around $5.6 billion, but remained below the $7.4 billion threshold, according to ESPN .

Finnish entrepreneur Thomas Zilliacus, who entered the fray after the bid deadline was extended last week, also reportedly lodged a bid whose value is unknown.

A view of the Manchester United stadium

Manchester United Extends Sale Deadline, New Bidder Emerges

On Thursday, Finnish entrepreneur Thomas Zilliacus announced his bid for Manchester United.
March 23, 2023

Before the deadline extension, Sheikh Jassim and Ratcliffe both submitted bids exceeding $6.2 billion — which alone would make the sale the most expensive ever for a sports team.

While that could be seen as a disappointment to the Glazers, one of the bidders is possibly closer than previously thought. According to Sportico, Sheikh Jassim’s bid is “in the ballpark” of the Glazers’ asking price — and Ratcliffe couldn’t match it.

It now falls to U.S. bank the Raine Group — which is facilitating the sale — to either request another round of bidding or name a preferred bidder.

Man United expects to have “clarity” on the ownership situation by season’s end in late May.

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