Manchester United are expecting bids for the ownership of the club in the coming week. The Glazers have put the club up for sale for the last couple of months, and are anticipating interest from the Middle East, USA, Asia and the rest of England.
Sir Jim Ratcliffe, Britain’s richest man, has publicly put forth his interest in purchasing the club. However, it is still uncertain as to whether he will be going through with the takeover.
Manchester United bids for takeover expected this week
The Glazers are expecting to recoup around £8 billion over the sale. And they are anticipating a bidding war to break out over the interested parties, which works out in their favour.
However, the New York Stock Exchange values Manchester United at £3 billion right now. This suggests that a £4 billion bid could be enough for a takeover. However, Ratcliffe and other parties like the Qatar Sports Investment could be put off by the price tag – around double the market value.
Raine, the American investment bank, is taking care of the takeover process. And they will be vetting the offers they receive for the takeover of the club as well.
United’s arch-rivals, Liverpool, were also put up for sale by the FSG. However, the official bidding process has not started yet for them. And it will be an interesting year ahead for both clubs, considering the change in ownership.
