Ratcliffe leaves Old Trafford after Man Utd takeover talks
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The Raine Group have decided they’ll get back to candidates interested in buying Manchester United within the next week, according to reports. Sheikh Jassim tabled his second bid for the club on Saturday. However, Sir Jim Ratcliffe remains a strong rival when it comes to ousting the Glazers from power at Old Trafford.
It emerged on Saturday that, after a delay, Sheikh Jassim has now tabled a second offer as he looks to beat Ratcliffe in the battle to acquire United.
And 90min say the Raine Group have decided to inform candidates they’ll give them an update on any potential takeover within the next week.
Sheikh Jassim seems to be the frontrunner due to his vast wealth, with the Qatari billionaire having the financial muscle to meet the Glazers’ huge asking price.
He is, however, adamant he won’t pay over the odds to buy United despite long being a fan of the club.
And it’s a similar story with Ratcliffe, too, with the INEOS billionaire another candidate in the mix to buy the Red Devils.
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The 70-year-old, who is currently co-owner of Ligue 1 giants Nice, missed out on buying Chelsea to Todd Boehly last year.
Unlike Sheikh Jassim, he recently opted to attend United takeover talks in person – with the INEOS chief pictured outside Old Trafford.
Ratcliffe has promised to put United fans at the forefront of his operation if his bid proves to be successful.
But whether that happens remains to be seen, with Elliot Management Group ready to offer the Glazers minority investment.
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The Glazers signalled back in November they were open to a potential sale.
Yet there’s still a chance they’ll stay in power, with brothers Joel and Avram Glazer fond of the club despite the criticism they regularly receive from supporters.
Back in December, meanwhile, Manchester United Supporters’ Trust wrote a letter to any potential buyers of the club.
They started by saying: “To any bidder for Manchester United Football Club. We, the undersigned, represent Manchester United fans from all backgrounds and walks of life.
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“We understand very well why you wish to buy the club.
“We believe Manchester United is the greatest sporting institution in the world and hope we will have a new owner that will nurture, invest and, most of all, recognise that their role as the steward of Manchester United is to run the club in partnership with the supporters, in a way which recognises that a football club is far more than just a commercial asset.
“As you contemplate the nature of any offer you may wish to make to the present owners, we believe it may be helpful to you to understand what supporters want from any new owner, in order to secure the support of the fans.
“The principles below are based on our longstanding principles established over two decades as the Supporters Trust and regular open consultation with our fans.”
And they added: “At this stage, we urge any prospective bidder to enter into a dialogue with fans.
“We believe that doing so will help them come up with the best offer possible, and the best plan possible.
“We look forward to establishing a dialogue with any interested parties to understand their intentions and enlarge on the principles outlined above.”
United have been owned by the Glazers ever since 2005.
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