Man Utd owners the Glazers sent ‘disastrous’ warning by supporters group
Manchester United manager Erik ten Hag reviews Wolves win
A leading Manchester United fans group has called on the Glazers to make a decision over the sale of the club now or risk a “disastrous” summer transfer window. The Manchester United Supporters Trust urged the Florida-based owners to make their minds up after the Sheikh Jassim bin Hamad al-Thani lodged an increased final offer of over £5.25billion.
And they expressed fears that without a swift resolution United manager Erik ten Hag will find it impossible to operate effectively in the summer transfer window.
“The sale process has now been going on for six months,” said the MUST spokesman. “With the transfer window about to open, the Glazers need to make a decision on the sale and fast. A summer of uncertainty would be disastrous for Erik Ten Hag and cannot be allowed to happen.”
Sheikh Jassim’s hopes of landing the club had looked to be fading after slipping behind Sir Jim Ratcliffe in the bidding process with the latter offering the Glazers a way to stay on with a minority stake.
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But an improved bid was lodged late on Tuesday with the Glazers investment bank Raine Group understood to be approaching £5.5billion in total.
The Qatar-backed bid is to buy 100 per cent of the club, clear all debts and make a “significant amount of additional capital and infrastructure investment”.
Sources close to the bid have made it clear significant funds will focus on the stadium, training ground upgrades and the teams. Avram Glazer is believed to have been in contact with Sheikh Jassim’s bid team earlier this week but no decision has yet been made on indicating a preferred bidder.
Once that hurdle has been cleared there could still be a delay of up to four weeks before any sale or change of ownership is ratified. The summer transfer window opens on June 13.
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The Glazer family may face a difficult decision to make over who is their preferred bidder, but will not have long to act if the Red Devils are to approach the summer transfer window with a comfortable degree of confidence around the size of Ten Hag’s war chest.
Whereas the Qatari bid could provide an instant injection of funds for new players, concerns around a lack of direct contact with Sheikh Jassim himself could be a stumbling block.
His Nine Two Foundation has been handling negotiations on the Sheikh’s behalf, but with representatives insisting that their boss prefers life out of the limelight, a lack of background information on the potential new owner of one of English football’s biggest clubs could make the Qatari deal ‘less appealing’, as the Premier League is likely to take longer to ratify the takeover, leaving Ten Hag with budget uncertainty until a deal gets concluded.
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