“Need clarity”- Manchester United Supporters Trust hits back at Glazers as ownership saga takes fresh twist

Manchester United Supporters Trust issue a strong statement after the takeover drama took a turn for the worst

The Manchester United Supporters Trust has released a statement in response to new information emerging in the takeover saga. Fabrizio Romano confirmed that Sheikh Jassim bin Hamad Al Thani has withdrawn from the bid to buy the Red Devils.

The Glazers, owners of United, rejected the latest offer from Sheikh Jassim, which reportedly included a massive bid with a detailed plan. Sheikh Jassim’s final bid was reportedly almost double the $3.5bn market valuation of the club.

Furthermore, the plan included a $1.5b investment in player recruitment, new stadium plans, new training facilities and city regeneration projects. Sheikh Jassim also offered complete elimination of the old debt in return for 100 per cent control.

Manchester United Supporters Trust issue a strong statement after the takeover drama took a turn for the worst.
Sheikh Jassim has withdrawn from the pursuit for Manchester United after his latest lucrative bid was rejected by the Glazers. (Photo by Julian Finney/Getty Images)

The Manchester United Supporters’ Trust released the statement (h/t Independent) to voice their displeasure with the way The Glazers are acting. They stated:

“It would be wildly optimistic to think Glazers are acting in the interests of supporters or are making ownership decisions which don’t centre on their own priorities. We call upon all parties to put Manchester United’s interests before their own interests. If the reports are true regarding INEOS obtaining a 25% stake in our club there are a number of questions which need clarity before supporters can make any judgement on its merits.”

Sheekh Jassim’s withdrawal (h/t Fabrizio Romano) leaves Sir Jim Radcliffe as the only interested candidate for the acquisition of the club. The Glazers announced in November that they are open to offers for the Manchester club that delighted the fanbase.

However, the American owners rejected the initial bids of £4.5bn from Sheikh Jassim and Ratcliffe in February.

Daily Mail reported that the Glazers are holding onto the £10bn valuation that they have put over the club. The report also stated that the Americans can remove the club from the market when required. United’s share plummeted by 18.2 per cent after the report in early September.

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Ratcliffe reportedly wants just 25% of the United’s share right now, meaning the Glazers will still have control.

We are well aware that not even a single United fan trusts the Glazers. The news about Sheikh Jassim’s withdrawal after such a lucrative bid is very disheartening for the fanbase and United’s well-wishers.