Manchester United is set to be sold for a world-record fee of over £5 billion, as the Glazer family expects to receive six bids ahead of tonight’s 9 pm deadline. The club is open to considering bids for a full sale or partial investment. Sir Jim Ratcliffe’s offer and a Qatari bid are the leading contenders in the race to buy the club. Ratcliffe, the British billionaire owner of INEOS and a self-proclaimed lifelong United fan, could join forces with other interested parties in a strengthened offer.
The Qatari bid from Sheikh Jassim bin Hamad al-Thani, which was revealed by Sportsmail, is still the favorite. All options, including a sale, investment, and total rejection of all offers, remain on the table, and the Glazers will only sell if their valuation of the club is met.
The valuation has not been disclosed, but it is believed that a figure of around £6 billion would be sufficient. Those who submit offers will hear back in about a week’s time, and another round of bidding could be organized. If the club is sold, the aim is to have new owners in place before the summer transfer window opens.
