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Sir Jim Ratcliffe and Sheikh Jassim reluctant to raise their bids for Manchester United following their poor start to 2023-24

Sir Jim Ratcliffe and Sheikh Jassim are reluctant to raise their bids for Manchester United following the club’s poor start to the 2023-24 Premier League campaign, according to the Daily Mail.

The duo have offered around £5 billion for the Red Devils, but the Glazers are holding out for substantially more.

The lack of agreement over a selling price between the Man United owners and buyers has delayed the takeover process since the club was put up for sale last November.

The Old Trafford club have won just two of their opening five league games this term, losing the other three, which has failed to persuade Ratcliffe and Sheikh Jassim to ramp up their bids to an as-yet acceptable level.

They are insisting that those results highlight the fact that the rebuilding job at Man United is huge, which would mean a larger scale of investment.

The would-be owners believe it will take a lot of cash to recruit the type of players that can get the team challenging for the Premier League and Champions League again.

The Red Devils won the League Cup, reached the final of the FA Cup and finished third in the Premier League last term, which led the owners to believe that the club is worth more than £5bn.

However, the results and performances this term have been far from impressive, and the buyers believe their valuation of the club is generous enough.

They face Bayern Munich today in their first Champions League game of the season, and Ten Hag will hope his boys can produce an impressive performance and leave Allianz Arena with all three points.

Apart from the woeful run, controversies off the pitch involving Mason Greenwood, Antony and Jadon Sancho have done little to persuade either of the main bidders to improve their offers.

Old Trafford and the Carrington training ground are also very much in need of major upgrades, and a takeover is unlikely to happen anytime soon unless the Glazers are ready to do business for £5bn.

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