Last night, football journalist Fabrizio Romana reported that the battle to take over Manchester United had descended into chaos and confusion. At the last minute, the deadline for the second round of bids for the club was dramatically extended.
The Qataris and INEOS group received news that Manchester United had extended the deadline. The proposals will still go in, and both groups will use this time to “fine-tune” their recommendations. The buyers have not been informed of the revised deadline – but they will not change their plans since they wish to purchase the club.
Sheikh Jassim had a new bid ready; the Qatari group remained confident that their proposal was the best one to invest in the stadium, facilities, first team, and academy of Manchester United. The INEOS group of Sir Jim Ratcliffe also has a new bid ready to purchase Manchester United with a long-term plan to restore the club to its former glory.
Manchester United has not yet received the official bids; an extension has been requested. A non-disclosure agreement has been signed with all parties in the last few weeks to keep the exact amount confidential. Taking these steps is up to Manchester United’s owners, the Glazer family, who have always desired a sale price of £6/7 billion. The parties do not expect an ‘immediate’ response.