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Journalist drops major Man Utd takeover update as 'growing frustration' claim made

Journalist drops major Man Utd takeover update as 'growing frustration' claim made

A journalist has dropped a major Man Utd takeover update.

A prominent journalist has reported a key update on a potential takeover of Manchester United that may eventually prove to be significant in deciding the future ownership of the club.

The current owners of the club, the Glazer family, are currently exploring 'strategic alternatives', which could involve a transaction involving United.

Three bidders have publicly confirmed interest in either taking over or acquiring a minority or majority stake in the club.

Qatar businessman Sheikh Jassim wants to complete a full takeover of United, whilst Sir Jim Ratcliffe and Ineos are aiming to take over the Glazers' majority stake.

Meanwhile, another bidder, Luxembourg-based Genevra Capital, confirmed in a press release earlier this week that they wanted to control a minority stake in United.

There have been question marks over whether the Glazers will give away control of the club, with Sky Sports News claiming there are 'growing fears' that they will not sell following co-owner Avram Glazer's appearance at Wembley for the 2-0 Carabao Cup final win over Newcastle.

But a new takeover update has dropped that will surely excite United fans who want to see new ownership in place.

Journalist drops key Man Utd update

The Daily Mail's Mike Keegan has reported that both Sheikh Jassim and Ratcliffe have been invited to Old Trafford for talks, in a potentially significant development.

It is claimed that a 'number of summits' will now take place between the bidders, United chiefs and merchant bank, the Raine Group.

Sheikh Jassim, Ratcliffe and a third unnamed bidders are said to have been invited, with the claim being made that the club's chief executive, Richard Arnold, will also be present during talks.

However, there are believed to be 'growing frustration' over a lack of access to United's full finances from an unnamed bidder, which may put a roadblock in the way of any talks.

Another key issue is the Glazers' asking price, with Sky Sports News claiming that none of the bids have come close to the £6 billion figure that the owners are demanding in order to relinquish control of the club.

Featured Image Credit: Alamy

Topics: Manchester United, Premier League