It seems that the Manchester United takeover is moving closer to completion.
The Glazers, the current owners of the club, have reportedly identified Sir Jim Ratcliffe as their preferred bidder after a lengthy selection process.
This development marks a significant step forward in the takeover process.
There were also bids made by Sheikh Jassim bin Hamad Al Thani. However, it appears that Sir Jim Ratcliffe has emerged as the front-runner in the takeover race.
Interestingly, the takeover bids were not dependent on Manchester United’s position in the Champions League.
Sheikh Jassim had made a world-record £5 billion bid for Manchester United. If this deal had gone through, it would have made the club the most expensive sports team in history by at least £200 million, surpassing the £4.8 billion ongoing deal.
Despite this massive bid, it seems that the Glazers have chosen Sir Jim Ratcliffe as their preferred bidder.
The reasons for the choice has not been explicitly stated. However, it’s essential to note that Ratcliffe is a British billionaire and has a history of investing in sports, including owning the cycling team Ineos Grenadiers and French football club OGC Nice.
This might have played a role in the Glazers’ decision-making process, but the exact reasons remain undisclosed.