A meeting between Manchester United’s current owners The Glazer family and US-based investment banking firm Elliott Investment Management took place today.
The Reds are set to come to crossroads at the end of the season as The Glazers aim to sell the club to potential high-profile buyers. British billionaire Sir Jim Ratcliffe and Qatari banker Sheikh Jassim bin Hamad al-Thani remain the only parties who have officially registered their interest in buying Manchester United but it seemed that the talks had come to an impasse after the stagnation of takeover news.
However, the meeting today between the club’s current owners and the investment banking agency who are expected to facilitate the transaction added new fuel to the news mill. According to a report from The Guardian, Elliott Group doesn’t want to buy the club but will financially support a potential buyer but remain undecided on that.
Sir Jim Ratcliffe, the INEOS owner, has claimed that he may need investment assistance, and Elliott will weigh up their own interests before making a decision. The US-based firm’s representatives were present yesterday at Old Trafford as Manchester United crushed Real Betis 4-0 in the first leg of the Round of 16 of the Europa League.
The Qatari banker is expected to meet The Glazers in talks of an outright purchase of the club next week. The decision isn’t imminent despite Qatar’s unlimited funding as the current owners will be looking to analyse the club’s recent upheaval before selling.
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Under new manager, Erik Ten Hag, Manchester United have enjoyed rejuvenation from an underwhelming last season and they now aim to reach greater heights in the upcoming days. Surely, this will inflate the current valuation of the club and if they manage to secure Champions League football for next season, a drastic increase of value is set to be noted. The Glazers are expected to play the waiting game before making a decision as it has been reported that two siblings of the family are reluctant to sell the highly-potential club now.