Manchester United for sale Latest news u

The future of Manchester United remains on uncertain ground in 2023 after the Glazer family outlined their interest in selling the club.The US-based investors have endured a controversial relationship with United fans since taking charge at Old Trafford in 2005 and confirmed in November that they were exploring the po sibility of a sale.Despite an initial spark of speculation over what could T.J. Oshie Jersey happen next with the Glazer's ownership of United, potential buyers were originally slow to register a consistent public interest aside from in January 2023, Sir Jim Ratcliffe announcing his plans to make a bid.That changed in early February, when it emerged that were prepared to lodge a formal bid in the coming days and that the potential buyers were confident they would be succe sful.Still, with the Glazers reportedly keen to sign off on any deal in the first quarter of 2023, you can expect significant developments in the coming weeks.MORE: Following the initial rumours in November 2022, United and the Glazers released a statement to addre s the situation, and they are open to a direct sale."The strength of Manchester United rests on the pa sion and loyalty of our global community of 1.1 billion fans and followers," the statement said."As we seek to continue building on the club's history of succe s, the board has authorized a thorough evaluation of strategic alternatives."The board will consider all strategic alternatives. That includes new investment into the club, a sale, or other transactions involving the company." Following the Glazers' announcement, there was a fluctuation on United's stock and company valuation, as the financial markets reacted to the news. Getty Images The expectation is that a lower price will be negotiated as part of takeover talks, with reports from the Financial Times estimating the club has an overall worth of around $3.5 billion, despite previous estimates of over $4bn. However, it's thought the Glazers want to hold out for closer to$5bn. Interest in United will continue to grow, particularly if their value drops, with rumours connecting individuals and companies with a move.As of February 18, there are two official bids lodged to buy the club.The two confirmed bids fromQatari Sheikh Sheikh Ja sim bin Hamad bin Jaber Al-Thani,andSir Jim Ratcliffevia his company Ineos. Three other reported prospective bidders have yet to announce that they've officially submitted offers for the club.Ratcliffe was linked with a takeover offer before the Glazers' arrival 17 years ago, while an offer from the DWSF would continue the pattern of state ownership of clubs in European Evgeny Kuznetsov Jersey football.In early February, news emerged of interest from Qatar. indicated the potential buyers were confident they would have the financial might to blow rivals out of the water, while any po sible conflict with UEFA rules over the fact Qatar Sports Investment owns Paris Saint-Germain would be circumnavigated.Elliott Investment Management, the US hedge fund that oversaw the sale of AC Milan in 2018, also launched an 11th-hour proposal prior to the deadline. However, : rather than an offer to buy the club, it is a financing proposal, either to facilitate another bid or to allow the Glazers to retain control. Aaron Ness Jersey MORE: The Glazers' connection with United stretches back to 2003, following their initial purchase of club shares through a 2.9% stake at Old Trafford.That was followed up by gradual share increases year by year up until 2005, where they purchased a controlling stake from former owners JP McManus and John Magnier. Following a rapid buying of shares in the summer of 2005, the Glazers completed a full takeover before the start of the 2005/06 season, with an estimated full purchase price of around 790 million ($1.5bn).To finance the takeover, the family loaded some of the debt onto the club, putting them in the red for the first time since the 1930s. It is the club's debt level, coupled with the Glazers taking millions in dividend payments each year while substantially reducing investment into certain areas of the club such as the stadium that has fuelled much of the anger towards their ownership among fans. As of February 18, the most likely new owners of Manchester United appear to be an investment group from Qatar.The previously said a group of "private, high-wealth individuals" were interested in buying what they consider to be the "crown jewels" of football.Buoyed by the global interest in the 2022 World Cup in Qatar, the group are interested only in a full takeover of United, not a minority stake. They are claimed to boast financial might that would leave almost any other competing parties unable to rival their bid.On February 17,Ja sim Bin Hamad Al Thani confirmed he had lodged an official bid.Sheikh Ja sim Bin Hamad Al Thani bid in for 100% of Manchester United The offer aims to restore the club to its former glory, both on and off the pitch, and will focus on putting fans back at the heart of Manchester United Football Club.Full statement Fabrizio Romano (@FabrizioRomano) Links Ilya Samsonov Jersey with a state-backed purchase are relatively new, with Dubai officials open to joining their neighbouring states in purchasing a major football club.A report from the in November 2022 claimed the Dubai leadership are working on an investment portfolio involving private investors, after being put on 'red alert' by the Glazers' announcement. However, since then no developments have come to fruition, at least not publicly. If Manchester United do get a new owner, famous fan Sir Jim Ratcliffe has long been a strong contender to take charge.On January 17, 2023, Ratcliffe's firm Ineos officially declared an interest in buying United. With the Glazer family looking to sell, Ineos said the company had "formally put ourselves into the proce s."They then backed their interest up officially on February 8, announcing they had made an offer for a "majority Mike Gartner Jersey ownership" of the club.Official: INEOS confirm bid submitted for Man Utd Sir Jim Ratcliffe-INEOS made a bid for majority ownership of Manchester United.We see role as long-term custodians of Man Utd invest to make it the number one club in the world again win the Chanpions League. Fabrizio Romano (@FabrizioRomano) Ratcliffe, who lodged an unsucce sful 4.25bn offer to buy Chelsea last year, is currently ranked the 27th wealthiest person in the UK on the Sunday Times Rich List.The 69-year-old was born in Greater Manchester and grew up supporting the club.Ratcliffe founded chemical company Ineos in 1998 and this has allowed him to build an estimated net worth of12 billion ($14.4m).He has previously declared his interest in buying United should the opportunity arise, and his late bid to purchase Chelsea underlined his readine s to pounce in a difficult market.Outside football, Ratcliffe also purchased the