Man Utd takeover announcement date set as Glazers warned of ‘big backlash’
The Glazer household might announce Sheikh Jassim’s proposed takeover of Manchester United as early as subsequent month, in keeping with studies. The Qatari royal is believed to have successfully received the race to buy the membership forward of Sir Jim Ratcliffe, who was keen to permit the Glazers to retain a minority stake.
The state of affairs has dragged on for plenty of months with no conclusion however it appears as if proceedings might quickly be wrapped up, with Sheikh Jassim edging nearer to finishing a full-scale takeover. A deal may very well be completed by mid-October, in keeping with The Sun, whereas United are more likely to make an official announcement in the beginning of subsequent month.
It is alleged that Sheikh Jassim is predicted to succeed along with his newest provide, which is considered within the area of £6billion. His staff at the moment are finishing their due diligence earlier than United’s possession modifications palms, with the Glazers’ 18-year reign lastly set to come back to an finish.
The report provides that United’s present house owners have been warned to not settle for Ratcliffe’s provide by senior figures at Old Trafford. They initially wished to proceed holding shares within the membership however have been informed such a transfer would threat sparking a ‘big backlash’ from supporters.
Sheikh Jassim is predicted to wipe United’s gross debt of greater than £725m to save lots of on any additional charges when the takeover is ultimately signed and sealed. It implies that he is not going to take any dividend funds from the membership, because the Glazers have completed all through the majority of their time at Old Trafford.
MORE TO FOLLOW
We’ll be bringing you the very newest updates, footage, and video on this breaking news story.
For the most recent news and breaking news go to: /sport
Stay updated with all the large headlines, footage, evaluation, opinion, and video on the tales that matter to you.
Follow us on Twitter @DExpress_Sport – the official Daily Express & Express.co.uk Twitter account – offering actual news in real-time.
We’re additionally on Facebook @DailyExpressSport – providing your must-see news, options, movies, and footage all through the day to love, remark, and share from the Daily Express, Sunday Express, and Express.co.uk.