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Man Utd takeover: Approval process could take 8 to 12 weeks, Sir Jim Ratcliffe remains favourite

Manchester United’s takeover could be delayed for a couple of months at least with the lengthy ‘approval process’, according to The Times.

The Glazers announced their decision to sell the club in November last year, but they have yet to pick their preferred buyer out of Sheikh Jassim and Sir Jim Ratcliffe.

Sheikh Jassim was reportedly ‘negotiating exclusivity‘ for a takeover on Thursday, but The Times insist that there is no truth to the story.

Ratcliffe remains the favourite to buy the club in a deal worth £6 billion.

Meanwhile, the ‘approval process’ may take eight to 12 weeks, and a new owner won’t be in place before the start of the new league season.

This is unlikely to hamper United’s summer transfer business, and the club’s technical staff are free to continue pursuing new signings.

Glazers must make their decision soon

The Glazers have prolonged the takeover saga for a number of months, and they are yet to make a final decision over the club’s future.

This has led to frustration among the United faithful. They are eager for the Glazers to part ways such that there is bigger investment.

The takeover may not influence United’s transfer plans this summer, but there could be an influx in cash to improve the club’s infrastructure.

Old Trafford as well as the training ground require immediate investment. The modernisation of the stadium could take around £2 bn.

In the long term, United should benefit with transfer deals. There should be more funds available for manager Erik ten Hag to spend.

The Glazers have not spent a penny from their own pockets on new signings, and that should change with a new owner at the helm.

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