The takeover process surrounding Manchester United is still ongoing
According to the Daily Mail (h/t Manchester Evening News), the takeover process surrounding Manchester United is still ongoing amid speculations that the Glazers are not willing sellers.
There were claims in the past week which suggested that the Glazers have changed their mind about selling Manchester United and are willing to be in control of the club.
They have been of the opinion that the value of the club is much bigger than the bids received by prospective bidders and therefore could end up staying at United.
this had a direct impact on the club’s share price which plummeted to an all-time low with a valuation of almost $750m being lost in the process.
However, now it is claimed that the process surrounding the takeover is still ongoing with both Sheikh Jassim and Sir Jim Radcliffe in the running to become United’s new owner.
The drastic drop in the share price should give Glazers the much-needed indication of where the club will be headed in case they decide to stay.
The supporters have had enough of the turmoil time under the American owners which has seen a huge organisation such as United being dropped down to lower standards.
There are at least 3-4 Premier League teams which are at a higher level than United not just in terms of on-field football but also the club’s infrastructure and facilities.
The Glazers have sucked the money out of this club and are still not satisfied and looking to take more. This would no go down well with almost anyone associated with United and the takeover process which has been ongoing since November of last year should start picking pace now.
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The club needs a whole turnaround and the first step of the transition would be Glazers leaving their post as owners of the club and being replaced with someone who genuinely is interested in bringing the club back to the top, where it deserves to be.
