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Man Utd to entertain third round of bids from prospective buyers this month

Manchester United are set to entertain a third round of bids from prospective buyers at the end of the month, according to journalist Ben Jacobs.

The Glazers opened the door for takeover bids earlier this year and Sheikh Jassim and Sir Jim Ratcliffe have already confirmed their offers on the table.

However, there are reportedly several other private groups in contention and it is now reported that a third round of bidding is due by April 30.

Sheikh Jassim and Sir Jim will be involved in the process after getting through the second round.

Prospective buyers may need to meet Glazers’ price tag

Right from the start, it has been reported that the Glazers are looking for £6 billion to sell the club. No group or investor has been willing to meet their valuation.

Hence, the bidding process has now entered a third round. It remains to be seen whether any potential buyers are willing to come closer to that figure.

In case there is no breakthrough at the end of the month, the Glazers could lean towards accepting a minority stake to develop the club’s facilities.

Former AC Milan owners Elliott Investment Management are one of those that have proposed to become part owners to provide an influx in cash.

Hopefully, this is not the case and the Glazers will walk away from United before the season ends. The club need another huge summer spending spree.

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