Potential Manchester United owners Sheikh Jassim and INEOS to visit the club

Representatives of Sheikh Jassim and Sir Jim Ratcliffe will visit Manchester United this week to see the stadium and training ground amidst a potential takeover
Sheikh Jassim and Sir Jim Ratcliffe's representatives will visit Manchester United
Sheikh Jassim and Sir Jim Ratcliffe's representatives will visit Manchester United

(Football news) Manchester United will welcome Sheikh Jassim’s representatives at the club today while Sir Jim Ratcliffe will attend a presentation on Friday by the senior management staff at Old Trafford. The Glazer family had announced in November that they were conducting a strategic review of the club with a potential sale being one of the options. So far, Qatari billionaire Sheikh Jassim Bin Hamad Al Thani and INEOS founder Sir Jim Ratcliffe have submitted bids to buy the club with the process being overseen by the Raine Group, who were also responsible for Chelsea FC’s sale.

Sir Jim Ratcliffe is expected to travel from Nice today and will be present alongside INEOS’ representatives at Old Trafford on Friday for a presentation while Elliott Investment Management have also made it through into the second stage of the process, but are offering funding instead of a takeover. Elliott representatives were present at Old Trafford when the Red Devils secured a 4-1 victory over Real Betis in the UEFA Europa League.

The opportunity to visit Old Trafford and the Carrington training ground will give the two potential buyers an idea about the scale of the investment necessary if they do manage to purchase Manchester United. It’s no secret that Old Trafford is in desperate need of a refurbishment or a complete makeover while Carrington, which was once the standard for every club in the world, now has outdated facilities.

While Sheikh Jassim will not be present today, his senior and closest advisors will be at the meetings and they will be given access to Manchester United’s books as well as commercial information about the club before they can put in a firm and concrete offer to buy the Red Devils. As far as the Glazer family are concerned, if they do decide to accept an offer, it would be done before the summer transfer window begins, which means a takeover can be finalised by late May.

However, there is a belief that the American owners don’t want to sell the club, instead give away a minority stake or borrow money to redevelop Old Trafford. However, if given the right offer, the Glazer family could be open to a complete sale, which would finally bring an end to their infamous reign at one of England’s most successful clubs.

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