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Thursday, June 13, 2024

Manchester United Sale Opens Third Round of Bidding

  • Seven potential ownership groups reportedly received feedback from Manchester United about their bids.
  • There is growing concern that the club might not be sold at all.
A view of Old Trafford with Manchester United player Bruno Fernandes in the foreground.
Manchester United

There’s another twist in the Manchester United sale saga — though probably not the one that soccer fans wanted.

The Raine Group — the investment bank hired by owners the Glazer family — will be accepting a third round of bids to purchase the legendary English club, according to Sportico.

Seven potential ownership groups, including those led by British billionaire Jim Ratcliffe and Qatari Sheikh Jassim bin Hamad Al Thani, reportedly received feedback from Raine and the Glazers about their bids and were invited to try again.

Ratcliffe and Sheikh Jassim are believed to have entered bids around $6.2 billion — which would make Man United’s sale the most expensive in professional sports history, but would still fall short of the Glazers’ $7.5 billion asking price.

Manchester United players celebrate together after a goal

Manchester United Turns Profit Ahead of Potential Sale

Manchester turned a $7.8 million net profit for its fiscal second quarter.
March 30, 2023

The development follows reports of bidder frustration over a lack of communication from the club since submitting a second round of bids.

Four of the Glazer siblings — Kevin, Edward, Bryan, and Darcie — are reportedly in favor of selling the entirety of the club, while Joel and Avram Glazer, who have been most involved with the club during the family’s ownership, are reportedly looking to sell only a minority share or no part at all.

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