Man United's prospective buyers to fly in for talks this week
Prospective buyers in the race to buy Manchester United will fly in this week for talks and a presentation at Old Trafford… with a delegation representing Qatar’s Sheikh Jassim arriving on Thursday and Sir Jim Ratcliffe expected in person on Friday
- Man United’s prospective buyers will receive presentations from officials
- Football director John Murtough is expected to outline the club’s operations
- Glazers ‘push deadline for United sale back until June’ if they decide to cash in
Representatives of Sheikh Jassim bin Hamad Al Thani and the Sir Jim Ratcliffe will hold talks and receive a presentation from Manchester United officials as the takeover process continues.
Qatar’s Sheikh Jassim and British billionaire Ratcliffe are the frontrunners to buy the Red Devils, with formal bids having been submitted last month.
Sheikh Jassim will be represented by a delegation at Old Trafford on Thursday, but he is not expected to be in attendance.
Ratcliffe is expected to arrive in Manchester for in-person talks on Friday, along with a delegation from his Ineos Group.
The delegations are reportedly expected to be from the financial and legal side of Sheikh Jassim and Ratcliffe’s teams.
The prospective owners will hold talks and receive presentations at Old Trafford this week
Sheikh Jassim (L) and Sir Jim Ratcliffe (R) are the frontrunners to buy Manchester United
The bidders will receive presentations from various senior officials on their areas of expertise.
Sportsmail understands that the club’s scouting network, transfer strategy and first team operations will be laid bare to the prospective new owners.
Football director John Murtough is expected to be key in the process.
The club’s commercial and finance departments are also likely to present.
Visits from both delegations mark the next step in the takeover process, with the prospective new owners then expected to be asked to come back with a second bid.
The New York-based Raine Group, who are handling the process for United’s owners, will then report back to the Glazer family.
A chosen bidder would then enter an exclusivity period when a final agreed price for the club could be agreed.
Sheikh Jassim, the son of ex-PM Hamad bin Jassim bin Jaber Al Thani, announced his intention to acquire ‘100 per cent of the club’ last month.
The chair of the Qatar Islamic Bank submitted a £4.5billion bid for the club.
The Glazer family are reportedly seeking around £6billion to sell Manchester United
Ratcliffe, who is reportedly worth around £13.3bn, has targeted buying a majority stake in the club.
First bids are not thought to have met the Glazers’ valuation of the club, which is reported to be around the £6bn mark, although this was not expected.
Elliott Management also advanced to the second stage of the three-step process.
The US hedge fund have reportedly submitted a proposal for financing that is open to all parties but continue to insist they don’t want to buy United.
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